Regulation 3 Cases where replacing accessory not superior to replaced accessory

(1)

This regulation applies in any case where—

(a)

a qualifying accessory to which section 168C applies is available with a car which is made available to an employee in any year (“the relevant year”),

(b)

the accessory (“the replacing accessory”) replaces (whether in the relevant year or earlier) another qualifying accessory (“the replaced accessory”), and

(c)

the replacing accessory—

(i)

is of the same kind as the replaced accessory, and

(ii)

is not superior to the replaced accessory.

(2)

Where this regulation applies, the price of the car as regards the relevant year shall be found under the provisions contained in sections 168A to 168D as if the replacement had not been made and the replacing accessory was a continuation of the replaced accessory.