Statutory Instruments
2012 No. 915
Income Tax
The Car Fuel Benefit Order 2012
Made
22nd March 2012
Laid before the House of Commons
23rd March 2012
Coming into force
2nd April 2012
The Treasury make the following Order in exercise of the powers conferred by section 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 Fuel Benefit Order 2012.
(2) This Order comes into force on 2nd April 2012 and has effect for the tax year 2012-13 and subsequent tax years.
Amendment of section 150 of the Income Tax (Earnings and Pensions) Act 2003
2. In section 150(1) of the Income Tax (Earnings and Pensions) Act 2003 (car fuel: calculating the cash equivalent)( 2 ) for “£18,800” substitute “£20,200”.
Michael Fabricant
Angela Watkinson
Two of the Lords Commissioners of Her Majesty’s Treasury
22nd March 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. 2011/895 .