Lease rental restriction

From April 2021 — based on CO₂ emissions

For contracts entered in to from April 2021, tax relief for leased cars will be limited according to the CO₂ emissions as follows:

For corporation tax purposes the thresholds noted above apply for cars leased on or after 1 April 2021. For income tax purposes the thresholds apply for cars leased on or after 6 April 2021.

From April 2018 to March 2021 — based on CO₂ emissions

For contracts entered into between April 2018 and March 2021, tax relief for leased cars will be limited according to the CO₂ emissions as follows:

For corporation tax purposes the thresholds noted above apply for cars leased on or after 1 April 2018. For income tax purposes the thresholds apply for cars leased on or after 6 April 2018.

From April 2013 to March 2018 – based on CO₂ emissions

For contracts entered in to between April 2013 and March 2018, tax relief for leased cars is will be limited according to the CO₂ emissions as follows:

For corporation tax purposes the thresholds noted above apply for cars leased on or after 1 April 2013. For income tax purposes the thresholds apply for cars leased on or after 6 April 2013.

From April 2009 to March 2013 – based on CO₂ emissions

For contracts entered in to between April 2009 and March 2013, tax relief for leased cars is limited according to the CO₂ emissions as follows:

For corporation tax purposes, the thresholds noted above apply for cars leased on or after 1 April 2009. For income tax purposes, the thresholds apply for cars leased on or after 6 April 2009.