Tuesday, 16 January 2018
Department of Finance
175. To ask the Minister for Finance the amount his Department plans to spend on the recently announced 0% benefit in kind rate on electric vehicles, in tabular form; and if he will make a statement on the matter. [1620/18]
I understand that the Deputy wishes to ascertain the estimated tax foregone as a result of the implementation of a 0% benefit in kind rate on electric vehicles.
Given the relatively small numbers of electric vehicles currently registered in Ireland, and the fact that many of these are privately owned, the cost of the measure proposed is likely to be low at present. The estimated cost of the measure for 2018 for the purposes of inclusion in budgetary arithmetic is €500,000 in tax foregone.