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).