119Where alternative to benefit of car [F1or van] offeredU.K.
This section has no associated Explanatory Notes
(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).
Textual Amendments
F1Words in s. 119 inserted (22.7.2004) by Finance Act 2004 (c. 12), Sch. 14 para. 4