EIM23405 - Car benefit: car with an approved CO2 emissions figure: lower threshold

Section 139 ITEPA 2003

This page relates to step 5 of the method statement in Section 121(1) ITEPA 2003, see EIM23101.

The lower threshold is the approved CO2 emissions figure upon which all calculations of the appropriate percentage are based. The only exception, which applies to years from 2008/09, is for qualifying low emissions cars (QUALECs, EIM23402).

The lower threshold has been specified for the following tax years:

The reductions in the lower threshold reflect the fact that new cars are becoming more efficient and so the average level of CO2 emissions is falling.