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Legislation
Income Tax (Earnings and Pensions) Act 2003

Crossheading Cars: treatment of accessories

  • Section 125 Meaning of “accessory” and related terms
  • Section 125A Security features not to be regarded as accessories
  • Section 126 Amounts taken into account in respect of accessories
  • Section 127 The list price of an accessory
  • Section 128 Accessory: published price of the car manufacturer etc.
  • Section 129 Accessory: published price of the accessory manufacturer etc.
  • Section 130 The notional price of an accessory
  • Section 131 Replacement accessories
  1. Cars: treatment of accessories
  2. Security features not to be regarded as accessories

Section 125A | Security features not to be regarded as accessories F1

From legislation.gov.uk

(1)This section applies where a car made available to an employee has a relevant security feature.

(2)The relevant security feature is not an accessory for the purposes of this Chapter if it is provided in order to meet a threat to the employee's personal physical security which arises wholly or mainly because of the nature of the employee's employment.

(3)In this section “relevant security feature” means—

(a)armour designed to protect the car's occupants from explosions or gunfire,

(b)bullet-resistant glass,

(c)any modification to the car's fuel tank designed to protect the tank's contents from explosions or gunfire (including by making the tank self-sealing), and

(d)any modification made to the car in consequence of anything which is a relevant security feature by virtue of paragraph (a), (b) or (c).

(4)The Treasury may by regulations amend the definition of “relevant security feature” in subsection (3).

Notes

  1. F1

    S. 125A inserted (with effect in accordance with s. 14(5) of the amending Act) by Finance Act 2012 (c. 14), s. 14(3)

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