Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 6Taxable benefits: cars, vans and related benefits
Cars: benefit treated as earnings
120Benefit of car treated as earnings
1
If this Chapter applies to a car in relation to a particular tax year, the cash equivalent of the benefit of the car is to be treated as earnings from the employment for that year.
2
In such a case the employee is referred to in this Chapter as being chargeable to tax in respect of the car in that year.