Written answers
Thursday, 21 June 2018
Department of Finance
Fiscal Policy
Timmy Dooley (Clare, Fianna Fail)
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66. To ask the Minister for Finance the date on which the anticipated cost of the 0% benefit in kind rate has been factored into calculations of the fiscal space. [27195/18]
Paschal Donohoe (Dublin Central, Fine Gael)
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The introduction of the 0% rate of benefit-in-kind on electric vehicles is a measure designed to incentivise the uptake of an emerging technology. This measure is estimated to cost €500,000 in terms of tax foregone in 2018 and has been included in the calculations of fiscal space for 2018.
I have previously announced my intention to extend this relief in the upcoming Budget and this will be factored into the fiscal space.
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