Income Tax (Earnings and Pensions) Act 2003 (c. 1)

Part 3 U.K. Employment income: earnings and benefits etc. treated as earnings

Chapter 6 U.K. Taxable benefits: cars, vans and related benefits

General U.K.

119 Where alternative to benefit of car [F1 or van] offered U.K.

(1) This section applies where in a tax year—

(a) a car [F1 or van] is made available as mentioned in section 114(1), and

(b) an alternative to the benefit of the car [F1 or van] is offered.

(2) The mere fact that the alternative is offered does not result in an amount in respect of the benefit constituting earnings by virtue of Chapter 1 of this Part (earnings).

Textual Amendments

F1 Words in s. 119 inserted (22.7.2004) by Finance Act 2004 (c. 12), Sch. 14 para. 4