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Sections 128 to 130 ITEPA 2003

Before reading the guidance that follows this paragraph, ensure that you are familiar with:

• the method statement in Section 121(1) ITEPA 2003, see EIM24015 (this page concerns step 2)
• the general introduction to the treatment of accessories at EIM24200.

»Ê¹ÚÌåÓýappre are five conditions that are used when determining the price of an accessory. »Ê¹ÚÌåÓýapp first four are common to all accessories and are covered on EIM24225, so that page should be read first. »Ê¹ÚÌåÓýapp fifth condition varies, depending on the type of accessory concerned.

For an initial extra accessory with:

• a list price published by the manufacturer, distributor or importer of the car

• on the day immediately before the date of the car’s first registration

• a list price published by the manufacturer, distributor or importer of the accessory

• at the time immediately before the accessory concerned is first made available for use with the car (this may be a time before the car was first made available to the employee)

• a notional price

• at the time immediately before the accessory concerned is first made available for use with the car (this may be a time before the car was first made available to the employee).

For all later accessories:

• at the time immediately before the accessory concerned is first made available for use with the car.