The Income Tax (Cash Equivalents of Car Fuel Benefits) Order 2001

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 centimetresCash 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 centimetresCash equivalent
2,000 or less ... ... ... ...£2,460
More than 2,000 ... ... ... ...£3,620

TABLE B

Description of carCash equivalent
Any car ... ... ... ...£3,620.

Jim Dowd

Greg Pope

Two of the Lords Commissioners of Her Majesty’s Treasury

7th March 2001