Income Tax (Earnings and Pensions) Act 2003 section 129

Accessory: published price of the accessory manufacturer etc.

Section 129 defines how to determine the price of a car accessory when that price is based on the published price of the accessory's manufacturer, importer or distributor.

• The published price is the retail price advertised by the accessory's manufacturer, importer or distributor for a single unit sold in the UK on the open market, valued immediately before the accessory is first made available for use with the car.
• The inclusive price must include delivery charges to the seller's premises, relevant taxes (excluding car tax), and any fitting charges by the seller if the accessory is permanently attached to the car.
• The fitting charge is specifically that of the seller, which differs from the rule for the car's list price where the manufacturer's fitting charge applies.
• For an initial extra accessory, the relevant time may fall before the car is first made available to the employee, and the legislation refers to a specific "time" rather than a "day" to accommodate accessories that may go on sale on the same day they are first fitted.