Schedule 4., Part I, paragraph 14(2)

After the definition of “short period of training ” insert— “total price ” means the total sum payable by the person to whom goods are bailed or hired under a hire-purchase agreement or, as the case may be, the buyer under a conditional sale agreement including any sum payable on the exercise of an option to purchase but excluding any sum payable as a penalty or as compensation or damages for a breach of the agreement

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Source: legislation.gov.uk · retrieved 2026-07-30