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Statutory Instruments

2005 No. 2209

INCOME TAX

The Income Tax (Car Benefits) (Reduction of Value of Appropriate Percentage) (Amendment) Regulations 2005

Made

4th August 2005

Laid before House of Commons

8th August 2005

Coming into force

6th April 2006

The Treasury, in exercise of the powers conferred upon them by section 170(4) of the Income Tax (Earnings and Pensions) Act 2003( 1 ) make the following Regulations:

Citation, commencement and interpretation

1. —(1) These Regulations may be cited as the Income Tax (Car Benefits) (Reduction of Value of Appropriate Percentage) (Amendment) Regulations 2005 and shall come into force on 6th April 2006.

(2) In these Regulations “the Car Benefit Regulations” means the Income Tax (Car Benefits) (Reduction of Value of Appropriate Percentage) Regulations 2001 ( 2 ).

Amendment of the Car Benefit Regulations

2. —(1) The Car Benefit Regulations shall be amended in accordance with this regulation.

(2) Regulation 3 (prescribed reduction of value of appropriate percentage – cars propelled solely by diesel) shall cease to have effect in respect of any car registered on or after 1st January 2006.

(3) In regulation 5 (prescribed reduction of value of appropriate percentage – hybrid cars capable of being propelled by electricity and petrol) for the words following “The amount prescribed by this paragraph shall be” substitute “3%”.

(4) In regulation 6 (prescribed reduction of value of appropriate percentage – cars propelled solely by road fuel gas and bi-fuel cars to which paragraph 5 of Schedule 6 applies) for the words following “The amount prescribed by this paragraph shall be” substitute “2%”.

(5) Omit regulation 7 (prescribed reduction of value of appropriate percentage – bi-fuel cars to which paragraph 5 of Schedule 6 does not apply).

Dave Watts

Vernon Coaker

Two of the Lords Commissioners of Her Majesty’s Treasury

4th August 2005

( 1 )

2003 c. 1 . Section 170(4) was derived from paragraph 5E of Schedule 6 to the Income and Corporation Taxes Act 1988.

( 2 )

S.I. 2001/1123 .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Income Tax (Car Benefits) (Reduction of Value of Appropriate Percentage) (Amendment) Regulations 2005 (2005/2209)
Version from: original only

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Status of this instrument

in force Provision is in force
in force* In force only for specified purposes (see footnote)
not in force Not in force in England (may be in force in other geographies, see footnotes)
defined term Defined term
dfn Defined term (alternative style)
footnote commentary transitional and savings in force status related provisions geo extent insert/omit source count in force adj
Defined Term Section/Article ID Scope of Application
the Car Benefit Regulations reg. 1. def_a859f01423

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