PART 1Income tax, corporation tax and capital gains tax
CHAPTER 2Income tax: general
8Cars: the appropriate percentage for subsequent tax years
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 “9%” substitute “
13%
”
,
b
in paragraph (aa), for “13%” substitute “
16%
”
, and
c
in paragraph (b), for “17%” substitute “
19%
”
.
4
In subsection (3), for “18%” substitute “
20%
”
.
5
In section 140(2) (car without a CO2 figure: the appropriate percentage), in the Table—
a
for “18%” substitute “
20%
”
, and
b
for “29%” substitute “
31%
”
.
6
In section 142(2) (car first registered before 1 January 1998: the appropriate percentage), in the Table—
a
for “18%” substitute “
20%
”
, and
b
for “29%” substitute “
31%
”
.
7
The amendments made by this section have effect for the tax year 2018-19 and subsequent tax years.