EIM23489 - Car benefit: step 6 of the Section 121(1) ITEPA 2003 method statement
Section 121(1) ITEPA 2003
This page relates to step 6 of the method statement in Section
121(1) ITEPA 2003, see
EIM23101.
This step is purely arithmetic. It requires that the
following figures for the tax year in question be multiplied:
- the interim sum (the price of the car and accessories, the figure at step 4)
- the appropriate percentage (the figure at step 5).
