24Cars: the appropriate percentageU.K.
(1)Chapter 6 of Part 3 of ITEPA 2003 (taxable benefits: cars, vans and related benefits) is amended as follows.
(2)In section 133 (how to determine the appropriate percentage), in subsection (2)—
(a)at the end of paragraph (a) insert “ or ”,
(b)omit paragraph (c) and the “or” before it, and
(c)for “to 141” substitute “ and 140 ”.
(3)Section 139 (cars with a CO2 figure: the appropriate percentage) is amended in accordance with subsections (4) to (6).
(4)In subsection (2) —
(a)in paragraph (a) for “5%” substitute “ 7% ”,
(b)in paragraph (aa) for “9%” substitute “ 11% ”, and
(c)in paragraph (b) for “13%” substitute “ 15% ”.
(5)In subsection (3), for “14%” substitute “ 16% ”.
(6)In subsection (7), omit paragraph (a) and the “and” after it.
(7)Section 140 (cars without a CO2 figure: the appropriate percentage) is amended in accordance with subsections (8) to (10).
(8)In subsection (2), in the Table —
(a)for “15%” substitute “ 16% ”, and
(b)for “25%” substitute “ 27% ”.
(9)In subsection (3)(a), for “5%” substitute “ 7% ”.
(10)In subsection (5), omit paragraph (a) and the “and” after it.
(11)Omit section 141 (diesel cars: the appropriate percentage).
(12)Section 142 (car first registered before 1st January 1998: the appropriate percentage) is amended in accordance with subsections (13) and (14).
(13)In subsection (2), in the Table —
(a)for “15%” substitute “ 16% ”,
(b)for “22%” substitute “ 27% ”, and
(c)for “32%” substitute “ 37% ”.
(14)In subsection (3), for “32%” substitute “ 37% ”.
(15)In section 170(4) (power to reduce value of appropriate percentage by regulations), for the words “to 141” substitute “ and 140 ”.
(16)In consequence, section 23(4) and (5)(b) of FA 2013 is omitted.
(17)The amendments made by this section have effect for the tax year 2016-17 and subsequent tax years.