http://www.legislation.gov.uk/ukpga/1988/39/section/45Finance Act 1988An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.1988-07-29texttext/xmlenStatute Law Database2024-05-23Expert Participation2024-02-22 Part III Income Tax, Corporation Tax and Capital Gains TaxChapter I General Benefits in kind Car benefits.451In Schedule 6 to the Taxes Act 1988 (taxation of directors and others in respect of cars) for Part I (tables of flat rate cash equivalents) there shall be substituted—Part I

Tables of Flat Rate Cash Equivalents

Table A Cars with an original market value up to £19,250 and having a cylinder capacity
Cylinder capacity of car in cubic centimetresAge of car at end of relevant year of assessment
Under 4 years4 years or more
1400 or less£1,050£700
More than 1400 but not more than 2000£1,400£940
More than 2000£2,200£1,450
Table B Cars with an original market value up to £19,250 and not having a cylinder capacity
Original market value of carAge of car at end of relevant year of assessment
Under 4 years4 years or more
Less than £6,000£1,050£700
£6,000 or more but less than £8,500£1,400£940
£8,500 or more but not more than £19,250£2,200£1,450
Table C Cars with an original market value of more than £19,250
Original market value of carAge of car at end of relevant year of assessment
Under 4 years4 years or more
More than £19,250 but not more than £29,000£2,900£1,940
More than £29,000£4,600£3,060
2This section shall have effect for the year 1988-89 and subsequent years of assessment.