SCHEDULES

SCHEDULE 6 Taxation of Directors and Others in Respect of Cars

F1Reduction for periods when car unavailable

F26

Subject to paragraph 7 below, where for any part of the year concerned the car is unavailable, the cash equivalent of the benefit is the amount ascertained under the preceding provisions of this Schedule F3 multiplied by the fraction—

ABmath

where—

A is the number of days in the year on which the car is available; and

B is the number of days in the year.