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Revenue Update – vehicles provided to employees by their employer

Updates to this guidance include:

  • Outline of the current treatment in relation to the cash equivalent calculation.
  • The extension of the temporary reduction to the Original Market Value –  Finance (No.2) Act 2023.
  • The extension of relief available in respect of battery electric vehicles to 2027.  This was provided for in Finance (No.2) Act 2023.
  • The guidance includes information on the combined effect of the temporary reduction to Original Market Value and relief available in respect of battery electric vehicles.
  • Business mileage applicable from 1 January 2023.

Link to the source:  Revenue eBrief No. 219/24

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