1992 No. 732
The Income Tax (Cash Equivalents of Car Fuel Benefits) Order 1992
Made
Laid before the House of Commons
Coming into force
The Treasury, in exercise of the powers conferred on them by section 158(4) of the Income and Corporation Taxes Act 19881, hereby make the following Order:
1
This Order may be cited as the Income Tax (Cash Equivalents of Car Fuel Benefits) Order 1992 and shall come into force on 6th April 1992.
2
In section 158(2) of the Income and Corporation Taxes Act 1988 (Tables of flat rate cash equivalents) for Tables A and B there shall be substituted the following Tables:—
Cylinder capacity of car in cubic centimetres | Cash equivalent |
---|---|
1,400 or less | £500 |
More than 1,400 but not more than 2,000 | £630 |
More than 2,000 | £940 |
Original market value of car | Cash equivalent |
---|---|
Less than £6,000 | £500 |
£6,000 or more but less than £8,500 | £630 |
£8,500 or more | £940 |
(This note is not part of the Order)