1. This Order may be cited as the Income Tax (Cash Equivalents of Car Fuel Benefits) Order 2001 and shall come into force on 6th April 2001.
2. In section 158 of the Income and Corporation Taxes Act 1988 (car fuel) for the Tables in subsection (2) (tables of cash equivalents)(1) there shall be substituted—
“TABLE A
Cylinder capacity of car in cubic centimetres | Cash equivalent |
---|---|
1,400 or less ... ... ... ... | £1,930 |
More than 1,400 but not more than 2,000 | £2,460 |
More than 2,000 ... ... ... ... | £3,620 |
TABLE AB
Cylinder capacity of car in cubic centimetres | Cash equivalent |
---|---|
2,000 or less ... ... ... ... | £2,460 |
More than 2,000 ... ... ... ... | £3,620 |
TABLE B
Description of car | Cash equivalent |
---|---|
Any car ... ... ... ... | £3,620”. |
Jim Dowd
Greg Pope
Two of the Lords Commissioners of Her Majesty’s Treasury
7th March 2001