Written answers
Thursday, 4 October 2018
Department of Finance
Tax Data
Robert Troy (Longford-Westmeath, Fianna Fail)
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72. To ask the Minister for Finance the amount of funding allocated to the benefit-in-kind reduction on electric vehicles; and the actual spend on same. [40447/18]
Paschal Donohoe (Dublin Central, Fine Gael)
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The tax expenditure associated with the 0% benefit-in-kind (BIK) rate for electric vehicles announced in Budget 2018 was set at €0.5m for this year.
Comprehensive data on BIK for company cars does not currently exist and therefore it is not possible to provide a precise amount for the tax expenditure associated with the 0% BIK rate for electric vehicles.
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