Written answers
Tuesday, 27 July 2021
Department of Finance
Tax Reliefs
Gerald Nash (Louth, Labour)
Link to this: Individually | In context | Oireachtas source
322. To ask the Minister for Finance the estimated saving to the Exchequer in 2022 from reducing the cap on BIK relief for electric cars from €50,000 to €35,000; and if he will make a statement on the matter. [39865/21]
Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source
I am advised by Revenue that information regarding the purchase and or leasing of electric vehicles by employers, which are subsequently made available to their employees for private usage, along with the mileage used for both business and private usage is not provided on a tax return. In addition, employers are not required to provide a detailed breakdown of each of their employees’ BIK tax liabilities on their tax returns. As this information would be required to make the necessary calculation, it is not possible to estimate the saving to the Exchequer from the proposed change.
Gerald Nash (Louth, Labour)
Link to this: Individually | In context | Oireachtas source
323. To ask the Minister for Finance the estimated savings to the Exchequer from ending relief to conventional hybrids in 2022; and if he will make a statement on the matter. [39866/21]
Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source
I can confirm to the Deputy that the Vehicle Registration Tax (VRT) relief provided to conventional hybrids (hybrid and plug-in hybrid vehicles) ended on 31December 2020.
No comments