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

The list price of a car 123 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)).