121 Method of calculating the cash equivalent of the benefit of a car
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

121  Method of calculating the cash equivalent of the benefit of a car

(1)     The cash equivalent of the benefit of a car for a tax year is calculated as follows—

Step 1

Find the price of the car in accordance with sections 122 to [124A].

Step 2

Add the price of any accessories which fall

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