# Income Tax (Earnings and Pensions) Act 2003, Section 122: The price of the car

Extent: E+W+S+N.I.

(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.
(2) This is subject to section 124A (automatic car for a disabled employee).

---
Source: https://www.legislation.gov.uk/ukpga/2003/1/section/122 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-122
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.