PART V PROVISIONS RELATING TO THE SCHEDULE E CHARGE
CHAPTER IIF2EMPLOYEES EARNING £8,500 OR MORE AND DIRECTORS
General supplementary provisions
F1168E Price of a car: replacement accessories.
1
The Treasury may make regulations under this section as regards any case where—
a
a qualifying accessory is available with a car in any year, and
b
the accessory (the replacing accessory) replaces another accessory (the replaced accessory).
2
Regulations under this section may provide that as regards the year—
a
the price of the car shall be found as if the replacement had not been made and the replacing accessory were a continuation of the replaced accessory, or
b
sections 168A to 168D shall apply to the car with such modifications to take account of the fact that the replacement has been made as are prescribed by the regulations.
3
The regulations may—
a
provide as mentioned in subsection (2)(a) above as regards some cases and as mentioned in subsection (2)(b) above as regards others;
b
provide under subsection (2)(b) above that sections 168A to 168D shall apply with different modifications in different cases.
Pt. 5 Ch. 2 heading substituted by Finance Act 1989 (c. 26), s. 53(2)(a)