SCHEDULES

[F1 SCHEDULE 6 U.K. Taxation of Directors and Others in Respect of Cars]

Textual Amendments

F1 Sch. 6 substituted (27.7.1993 with effect for the year 1994-95 and subsequent years of assessment) by 1993 c. 34, s. 72, Sch. 3 paras.5, 7

Cash equivalent U.K.

1 (1) The cash equivalent of the benefit is the appropriate percentage for the year of the price of the car as regards the year.

(2) This is subject to paragraphs 6 and 7 below (reductions for periods when car unavailable and payments for use of car).