Yn ddilys o 27/07/1993
F1168B Price of a car: accessories not included in list price.U.K.
(1)This section applies where a car has a list price and in any year there are available with the car qualifying accessories which—
(a)fall within section 168A(7), and
(b)were available with the car at the time when it was first made available to the employee.
(2)As regards that year the price of the car shall be treated as the price found under section 168A, increased by the price of the accessories.
(3)For the purposes of this section the price of an accessory is—
(a)its list price, if it has one, or
(b)its notional price, if it has no list price.
(4)The list price of an accessory is the price published by or on behalf of its manufacturer, importer or distributor (as the case may be) as the inclusive price appropriate for such an accessory if sold in the United Kingdom singly in a retail sale in the open market at the relevant time; and the relevant time is the time immediately before the accessory concerned is first made available for use with the car (which may be before the car is first made available to the employee).
(5)The notional price of an accessory is the inclusive price which it might reasonably have been expected to fetch if sold in the United Kingdom singly in a retail sale in the open market immediately before it is first made available for use with the car (which may be before the car is first made available to the employee).
(6)Where the accessory is permanently attached to the car the sale assumed by subsection (4) or (5) above is one under which the seller is to attach it.
(7)For the purposes of this section the inclusive price is the price inclusive of—
(a)any charge for delivery by the manufacturer, importer or distributor to the seller’s place of business, and
(b)any customs or excise duty, any tax chargeable as if it were a duty of customs and any value added tax.
(8)Subsections (10) to (12) of section 168A apply for the purposes of this section as they apply for the purposes of that.
Textual Amendments
F1Ss. 168A-168G inserted (with effect for the year 1994-95 and subsequent years of assessment) by 1993 c. 34, s. 72, Sch. 3 paras. 4, 7