The Income Tax (Replacement Cars) Regulations 1994
These Regulations are made by the Treasury under paragraph 8 of Schedule 6 to the Income and Corporation Taxes Act 1988 (“paragraph 8” and “Schedule 6” respectively), as substituted by paragraph 5 of Schedule 3 to the Finance Act 1993. Paragraph 8 provides that where a car (“the replaced car”) is normally available to an employee but for a period of less than 30 days is not available to him, another car (“the replacement car”) is made available to the employee to replace the replaced car for the whole or part of that period, and such other conditions as may be prescribed by the regulations are fulfilled, Schedule 6 shall have effect in relation to the cars concerned subject to such modifications as are prescribed by the regulations.