Revenue has updated the Tax and Duty Manual which provides guidance on employer provided vehicles.
The updated manual:
- outlines the current cash equivalent calculation (paragraph 4.1),
- reflects the extension of the temporary reduction to OMV under Finance Act (No. 2) 2023 (paragraph 4.1.3),
- reflects the extension of relief available in respect of battery electric vehicles to 2027 (paragraph 6.3),
- illustrates the combined effect of the temporary reduction to OMV and relief available in respect of battery electric vehicles (paragraph 6.3.1),
- includes a table showing the business mileage applicable from 1 January 2023 (Appendix A).
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