Paragraph 1
United Kingdom
(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).
Notes on Schedule 6
Textual amendments
- F1
Schs. 6, 6A, 7, 7A repealed (6.4.2003 with effect in accordance with s. 723(1) of the repealing Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 6 paras. 110, 111, Sch 8 Pt. 1 (with Sch. 7)