PART V PROVISIONS RELATING TO THE SCHEDULE E CHARGE
CHAPTER IIF2EMPLOYEES EARNING £8,500 OR MORE AND DIRECTORS
Annotations:
Amendments (Textual)
General supplementary provisions
F1168G Price of a car: cap for expensive car.
1
Where the price of a car as regards a year (as found under the provisions contained in or made under sections 168A to 168F) exceeds £80,000, the price of the car as regards the year is £80,000 and not the price as so found.
2
The Treasury may by order substitute for the sum for the time being specified in subsection (1) above a sum of a greater amount; and any such substitution shall have effect as regards such years as are specified in the order.
Pt. 5 Ch. 2 heading substituted by Finance Act 1989 (c. 26), s. 53(2)(a)