The Income Tax (Car Benefits) (Reduction of Value of Appropriate Percentage) Regulations 2001

Interpretation

2.  In these Regulations—

“bi-fuel car” means a car which is capable of being propelled by petrol and road fuel gas;

“diesel” means any diesel fuel within the definition in Article 2 of Directive 98/70/EC;

“Directive 98/70/EC” means Directive 98/70/EC of the European Parliament and of the Council(1) relating to the quality of petrol and diesel fuels and amending Council Directive 93/12/EEC(2);

“petrol” has the meaning given by Article 2 of Directive 98/70/EC;

“road fuel gas” has the meaning given by section 168AB(3)(3) of the Income and Corporation Taxes Act 1988;

“Schedule 6” means Schedule 6 to the Income and Corporation Taxes Act 1988;

“the value of the appropriate percentage” means the value of the appropriate percentage as determined in accordance with paragraphs 2 to 5D of Schedule 6.

(1)

O.J. L350, 28.12.98, p.58.

(2)

O.J. L74, 27.3.93, p.81.

(3)

Inserted by section 60(3) of the Finance Act 1998 (c. 36) and amended with effect from the year 2002–03 by paragraph 2 of Schedule 11 to the Finance Act 2000.