17Taxable benefits: “the appropriate percentage” for cars for 2014-15
This section has no associated Explanatory Notes
(1)In section 139 of ITEPA 2003 (car with a CO2 emissions figure: the appropriate percentage), for subsections (2) and (3) substitute—
“(2)If the car’s CO2 emissions figure is less than the relevant threshold for the year, the appropriate percentage for the year is—
(a)if the car’s CO2 emissions figure for the year does not exceed 75 grams per kilometre driven, 5%, and
(b)otherwise, 11%.
(3)If the car’s CO2 emissions figure is equal to the relevant threshold for the year, the appropriate percentage for the year is 12% (“the threshold percentage”).”
(2)The amendment made by this section has effect for the tax year 2014-15 and subsequent tax years.