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.