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HMRC internal manual

Employment Income Manual

Van benefit from 2005/06: benefit not otherwise taxable - cash alternatives to vans

Section 119 ITEPA 2003

Arguments that normal van benefit rules do not apply where cash alternative offered

There used to be an argument that a different basis of valuing the benefit should be used if a cash alternative to a van were offered (even if it were not taken).

This is no longer the case. Section 119 ITEPA 2003 makes it clear that the mere fact that a cash alternative is offered does not change the method of calculation of the cash equivalent of the van benefit. It applies to all vans from 2005/06 onwards (it previously applied only to cars).