Pearse Doherty (Donegal, Sinn Fein)

I move amendment No. 11:

In page 33, to delete lines 30 to 32 and substitute the following:

“ “(II) €10,000 for each of the years of assessment 2023 to 2028 (both years inclusive),”.”.

These amendments are similar. They relate to an issue that we dealt with a number of years back in a Finance Bill. As a result of major issues that were raised at the time, a temporary solution was found whereby the original market value, OMV, of a vehicle was further reduced by €10,000 and, therefore, would reduce the benefit-in-kind that would be applicable to an individual who was provided with a company vehicle. At that time, the vehicles kept falling within categories A to D. The proposal in this amendment is not to do what the Minister intends to do, which is to phase out that €10,000 reduction in the OMV, but to leave it there in sections 23 and 24. I would be interested to hear the Minister's views on what the additional tax will be. This is a tax increase on individuals. What will be the tax increase for an individual as the result of the OMV eventually decreasing from €10,000 to zero in different categories of vehicles? Obviously, the benefit-in-kind will be judged on whether they fall into categories A to D, and also on the mileage they incur. Will the Minister give us some assessment in relation to that?