35. Benefits in Kind (Cars)

Orders of the Day — 29. Income Tax – in the House of Commons at 9:30 pm on 22nd March 1993.

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Resolved,That— (1) For the year 1993–94, Schedule 6 to the Income and Corporation Taxes Act 1988 shall have effect with the substitution for Part I of the following—

TABLE B
Original market value of carCash equivalent
Less than £6,000£600
£6,000 or more but less than £8,500£760
£8,500 or more£1,130"

(1) For the year 1993–94, section 158 of the Income and Corporation Taxes Act 1988 shall have effect with the following amendments.

(2) For the Tables in subsection (2) there shall he substituted—

(3) In subsection (5) the words "or 3" shall be omitted.

(4) This Resolution shall not require any change to be made in the amounts deductible or repayable under section 203 of the Income and Corporation Taxes Act 1988 before 18th May 1993.

And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.