Statutory Instruments
2012 No. 3037
Income Tax
The Car and Van Fuel Benefit Order 2012
Made
6th December 2012
Laid before the House of Commons
7th December 2012
Coming into force
31st December 2012
The Treasury make the following Order in exercise of the powers conferred by sections 170(5) and (6) of the Income Tax (Earnings and Pensions) Act 2003( 1 ):
Citation, commencement and effect
1. —(1) This Order may be cited as the Car and Van Fuel Benefit Order 2012.
(2) This Order shall come into force on 31st December 2012 and has effect for the tax year 2013-14 and subsequent tax years.
Amendment to section 150 of the Income Tax (Earnings and Pensions) Act 2003
2. In section 150(1) of the Income Tax (Earnings and Pensions) Act 2004(car fuel: calculating the cash equivalent)( 2 ) for “£20,200” substitute “£21,100”.
Amendment to section 161(b) of the Income Tax (Earnings and Pensions) Act 2003
3. In section 161(b) of the Income Tax (Earnings and Pensions) Act 2003(van fuel: the cash equivalent)( 3 ) for “£550” substitute “£564”.
Robert Goodwill
Desmond Swayne
Two of the Lords Commissioners of Her Majesty’s Treasury
6th December 2012
2003 c. 1 ; section 170(5) was amended by paragraph 7(4) of Schedule 14 to the Finance Act 2004 (c. 12) .
The amount specified in section 150(1) was last substituted by S.I. 2012/915 .
The amount specified in section 161(b) was last substituted by S.I. 2010/406 .