Gordon has just been promoted (with effect from 6 April 2019) and is now eligible for either a company car or a cash alternative which can be used to buy a car for use in his employment. If the cash alternative is taken, then it is necessary for Gordon to have a car which he doesn't already have as he currently shares his wife's car. The company car would have a list price of 17,500 and emissions of 115g/km. All fuel would be paid for if the company car option was taken up. All repairs, insurance and servicing costs would be met by the employer. The cash alternative would be 5,000 and would be subject to both income tax and employee's NIC given that it is in a cash form. The cash would be used to lease a car for 275 per month. Business mileage would be reimbursed at the approved mileage rates, but no private fuel would be paid for under this option. It is estimated that the cost of fuel would be 22p per mile. An estimate of the repairs, insurance and servicing costs for the year would be 1,000. Gordon estimates that his business and private mileage in 2019/20 will be 3,500 and 6,000 miles respectively. Gordon is a higher rate taxpayer. Required: Evaluate the two options for Gordon and recommend, based on his circumstances, whether it is more tax efficient to take the company car or the cash alternative. You should ignore depreciation and only focus on the costs included in the scenario.