Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 6Taxable benefits: cars, vans and related benefits
Orders
170Orders etc. relating to this Chapter
1
The Treasury may by order substitute a greater amount for that for the time being specified in—
a
step 4 of section 121(1) (car: maximum interim sum),
b
section 126(3)(d) (car: minimum price of later accessory),
c
section 132(3)(b) (car: maximum contributions deduction),
d
section 147(1)(b) (classic car: minimum value), or
e
section 147(7)(b) (classic car: maximum contributions deduction).
2
An order under subsection (1) must specify the tax years to which it applies.
3
The Treasury may by order provide for a “lower threshold” different from that specified in the Table in section 139(4) (car with a CO2 emissions figure) to apply for tax years beginning on or after 6th April 2005 or such later date as may be specified in the order.
4
The Treasury may by regulations provide for the value of the appropriate percentage as determined under sections 139 to 141 to be reduced—
a
by such amount,
b
in such circumstances, and
c
subject to such conditions,
as may be prescribed in the regulations.
5
The Treasury may by order substitute a different amount for that specified in section 150(1) (car fuel: cash equivalent).
6
An order under subsection (5) must specify the tax years to which it applies, being tax years beginning after that in which it is made.