Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 6Taxable benefits: cars, vans and related benefits
General
119Where alternative to benefit of car F1or van offered
1
This section applies where in a tax year—
a
a car F1or van is made available as mentioned in section 114(1), and
b
an alternative to the benefit of the car F1or 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).