# Income Tax (Earnings and Pensions) Act 2003, Section 123: The list price of a car


(1) In this Chapter a car’s “list price” means the price published by the car’s manufacturer, importer or distributor (as the case may be) as the inclusive price appropriate for a car of that kind if sold—
(a) in the United Kingdom,
(b) singly,
(c) in a retail sale,
(d) in the open market, and
(e) on the day immediately before the date of the car’s first registration.
(2) The “inclusive price” means the price inclusive of—
(a) any charge for delivery by the manufacturer, importer or distributor to the seller’s place of business, and
(b) any relevant taxes (see section 171(1)).

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Source: https://www.legislation.gov.uk/ukpga/2003/1/section/123 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-123
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.