Dáil Éireann Debate, Tuesday - 27 July 2021
322. Deputy Ged Nash asked 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]
Amharc ar fhreagraI 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.
