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I believe the jazz is always 16V. What changes is the profile of the cam. The Intelligent V tec system of our cars changes to a higher or lower (depends on the target of Honda) profile cam and only for intake valves.The 8/16V behaviour is valid for the motorcycles; in particular the Honda VFR 800. I have driven the Vtec one and it is not very pleasant when at mid rpm accelerating the engine switches from 8 to 16 V especially if you are accelerating out of a bent.
http://www.honda.co.nz/technology/Choose your car and click on the Engine icon on the right.
Are you sure this applies also to the 1.2 L B ivtec? The 1.3 and 1.5 engines are for non EU markets.