PART 1Income tax, corporation tax and capital gains tax

CHAPTER 2Income tax: general

7Cars: the appropriate percentage for 2017-18

1

ITEPA 2003 is amended as follows.

2

Section 139 (car with a CO2 figure: the appropriate percentage) is amended as set out in subsections (3) and (4).

3

In subsection (2)—

a

in paragraph (a), for “7%” substitute “ 9% ”,

b

in paragraph (aa), for “11%” substitute “ 13% ”, and

c

in paragraph (b), for “15%” substitute “ 17% ”.

4

In subsection (3), for “16%” substitute “ 18% ”.

5

In section 140(2) (car without a CO2 figure: the appropriate percentage), in the Table—

a

for “16%” substitute “ 18% ”, and

b

for “27%” substitute “ 29% ”.

6

In section 142(2) (car first registered before 1 January 1998: the appropriate percentage), in the Table—

a

for “16%” substitute “ 18% ”, and

b

for “27%” substitute “ 29% ”.

7

The amendments made by this section have effect for the tax year 2017-18.