
1 
This Order may be cited as the Income Tax (Cash Equivalents of Car Benefits) Order 1987 and shall come into force on 6th April 1988.
2 
In Part I of Schedule 7 to the Finance Act 1976 (Tables of flat rate cash equivalents) for Tables A, B and C there shall be substituted the following Tables—

Table A
Cylinder capacity of car in cubic centimetres
Age of car at end of relevant year of assessment
Under 4 years 4 years or more
1,400 or less £580 £380
More than 1,400, but not more than 2,000 £770 £520
More than 2,000 £1,210 £800

Table B
Original market value of car
Age of car at end of relevant year of assessment
Under 4 years 4 years or more
Less than £6,000 £580 £380
£6,000 or more, but less than £8,500 £770 £520
£8,500 or more, but not more than £19,250 £1,210 £800

Table C
Original market value of car
Age of car at end of relevant year of assessment
Under 4 years 4 years or more
More than £19,250, but not more than £29,000 £1,595 £1,070
More than £29,000 £2,530 £1,685
Peter Lloyd
Mark Lennox-Boyd
Two of the Lords Commissioners of Her Majesty’s Treasury
5th November 1987