Introduction Summary
1.Section 59 relates to taxable benefits on company cars. With effect from 6 April 2012, it modifies current appropriate percentage bands and CO2 emissions thresholds by extending current graduated tax bands down to a new 10 per cent band, and moving all CO2 emissions thresholds down by 5kg/km. The new 10 per cent band will apply to company cars with CO2 emissions up to 99gm/km. The category of Qualifying Low Emissions Cars (QUALECs) is removed as a result.