Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 6Taxable benefits: cars, vans and related benefits
Cars: the price of a car
122The price of the car
F1(1)
For the purposes of this Chapter the price of a car means—
This is subject to section 124A (automatic car for a disabled employee).
(a)
its list price, if it has one, or
(b)
its notional price, if it has no list price.
F2(2)
This is subject to section 124A (automatic car for a disabled employee).