Income Tax (Car Benefits) (Reduction of Value of Appropriate Percentage) (Amendment) Regulations 2007 come into force
Implementation date: 6 April 2008
The Regulations amend the Income Tax (Car Benefits)
(Reduction of Value of Appropriate Percentage) Regulations
Regulation 3 amends regulation 2 (interpretation) of the Car Benefits Regulations by updating or inserting various definitions. Regulations 4 and 5 update legislative references following the enactment of the Income Tax (Earnings and Pensions) Act 2003. Regulation 6 inserts a new regulation that prescribes a reduction of the value of the appropriate percentage in relation to cars that are constructed so as to be capable of running on 85% bioethanol or on a mixture of bioethanol and unleaded petrol. The Regulations can be viewed on the OPSI website.