Revenue eBrief No. 219/24
20 August 2024
Employer Provided Vehicles
Tax and Duty Manual Part 05-01-01b - Chapter 2 Employer Provided Vehicles - has been updated:
- In paragraph 4.1 to outline the current treatment pertaining to the cash equivalent calculation at the start of the paragraph for clarity,
- In paragraph 4.1.3 to reflect the extension of the temporary reduction to OMV further to Finance Act (No. 2) 2023. The title of the paragraph has also been updated to “Temporary Reduction to OMV”.
- In paragraph 6.3 to reflect the extension of relief available in respect of battery electric vehicles to 2027 – as provided for in Finance (No. 2) Act 2023. The table at paragraph 6.3.2, which summarises the battery electric vehicle regime, has also been updated.
- A new paragraph 6.3.1 has been added to show the combined effect of the temporary reduction to OMV and relief available in respect of battery electric vehicles. Example 10, which demonstrates the combined effect, has also been updated.
- In Appendix A, to include a table showing the business mileage applicable from 1 January 2023.