Timmy Dooley
Question:66. Deputy Timmy Dooley asked 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]
View answerThursday, 21 June 2018
Questions (66)
Written answers
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.