Part 7Income tax, corporation tax and capital gains tax: general
Employment income and related matters
138Taxable benefits: lower threshold for cars with a CO2 emissions figure
1
In section 139 of the Income Tax (Earnings and Pensions) Act 2003 (cash equivalent of the benefit of a car: calculation of the appropriate percentage for a year for cars with a CO2 emissions figure) the table in subsection (4) (which specifies the lower threshold for each year for the purposes of that calculation) is amended as follows.
2
In the entry relating to 2004-05 and subsequent tax years omit “and subsequent tax years”.
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4
In section 170(3) of that Act (power to provide by order for a lower threshold different from that specified in the table in section 139(4) to apply for tax years beginning on or after 6th April 2005) for “6th April 2005” substitute “
6th April 2006
”
.