22 |
A capital contribution by the employee on the provision of the car or an accessory can be take into account in determining the price of the car see below section 9.107 |
17A.4.1.5 Scope |
The benefits covered by the charge are all those concerned with the provision of the car, ie capital cost, insurance, maintenance, etc and no charge can arise under chapter 10/section 203.108 However, the charge under section 120 does not cover the costs of a chauffeur,109 petrol110 or car phones (unless installed and used only for business calls).111 |
17A.4.1.6 Price |
The appropriate percentage is applied to the price of the car, a concept which is itself elaborately defined but which is basically the list price plus accessories, delivery charge, VAT and car tax.112 Any price actually paid by the employer is ignored. An imported car is priced according to its UK list price, notwithstanding that the level of prices in the UK is notoriously high. If the car has no list price, a notional price is taken.113 |
17A.4.1.6.1 Initial Accessories The cost of standard accessories114 included in the list price of the car will already have been brought into account. Special rules apply to other (optional) accessories, eg those made available as an option by the manufacturer.115 The price of the |