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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 beused 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 thata cash alternative is offered does not change the method of calculation of the cashequivalent of the van benefit. It applies to all vans from 2005/06 onwards (it previouslyapplied only to cars).