Explanatory Notes

Finance Act 2015

2015 CHAPTER 11

26 March 2015

Introduction

Section 9: Diesel Cars: the Appropriate Percentage for 2015-16

Details of the Section

2.Subsection (1) introduces the change to section 141 Income Tax (Earnings and Pensions) Act (ITEPA) 2003 and increases the maximum appropriate percentage for diesel cars from 35% to 37%.

3.This brings the maximum appropriate percentage for diesel company cars into line with petrol company cars.

4.Subsection (2) provides that this change has effect for the tax year 2015-16.