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(1)Section 158 of the Taxes Act 1988 (car fuel) shall be amended as follows.
(2)For subsection (2) (cash equivalents) there shall be substituted—
“(2)Subject to the provisions of this section, the cash equivalent of that benefit shall be ascertained from—
(a)Table A below where the car has an internal combustion engine with one or more reciprocating pistons and is not a diesel car;
(b)Table AB below where the car has an internal combustion engine with one or more reciprocating pistons and is a diesel car;
(c)Table B below where the car does not have an internal combustion engine with one or more reciprocating pistons.
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 |
Cylinder capacity of car in cubic centimetres | Cash equivalent |
---|---|
2,000 or less | £460 |
More than 2,000 | £590 |
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 |
(2A)For the purposes of subsection (2) above a diesel car is a car which uses heavy oil as fuel; and “heavy oil” here means heavy oil as defined by section 1(4) of the Hydrocarbon Oil Duties Act 1979.
(2B)For the purposes of Tables A and AB in subsection (2) above a car’s cylinder capacity is the capacity of its engine calculated as for the purposes of the Vehicles (Excise) Act 1971.”
(3)In subsection (4) (Treasury orders) for “either" there shall be substituted “ any ”.
(4)This section shall have effect for the year 1992-93 and subsequent years of assessment.
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Textual Amendments
F1S. 54 repealed (6.4.2003) (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 723, Sch. 8 Pt. 1 (with Sch. 7)
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Textual Amendments
F2S. 55 repealed (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 2 (with Sch. 2), and s. 55 also repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 10 Pt. 6 (with Sch. 9 paras. 1-9, 22)
Schedule 9 to this Act (which makes provision in relation to friendly societies) shall have effect.
Textual Amendments
F3S. 57 repealed (31.7.1998 with effect in accordance with s. 38(2)(3) of the repealing Act) by 1998 c. 36, s. 165, Sch. 27 Pt. III(4), Note
Textual Amendments
F4S. 58 repealed (31.7.1998 with effect in accordance with s. 38(2)(3) of the repealing Act) by 1998 c. 36, s. 165, Sch. 27 Pt. III(4), Note
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Textual Amendments
F5S. 59 repealed (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 460, Sch. 3 (with Sch. 2)
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Textual Amendments
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Textual Amendments
F7S. 61 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)
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Textual Amendments
F8S. 62 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)
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Textual Amendments
F9S. 63 repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1
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Textual Amendments
F10S. 64 repealed (6.4.2007) by Income Tax Act 2007 (c. 3), s. 1034(1), Sch. 3 Pt. 1 (with Sch. 2)
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Textual Amendments
F11S. 65 repealed (19.7.2007) (with effect in accordance with s. 39(2) of the amending Act) by Finance Act 2007 (c. 11), Sch. 8 para. 19, Sch. 27 Pt. 2(8) (with Sch. 8 Pt. 2)
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Textual Amendments
F12S. 66 repealed (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 270(2), Sch. 3 Pt. 2 (with Sch. 1 para. 270(4), Sch. 2), and s. 66 also repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 7 para. 64, Sch. 10 Pt. 12 (with Sch. 9 paras. 1-9, 22)