Revenue Note for Guidance

The content shown on this page is a Note for Guidance produced by the Irish Revenue Commissioners. To view the section of legislation to which the Note for Guidance applies, click the link below:

Revenue Note for Guidance

377 Limit on deductions, etc for hiring cars

This section imposes restrictions on the amount which may be claimed in computing trade profits, etc for the hire of cars. If the original retail price of the car exceeded the specified amount, the deduction for car hire, if otherwise allowable, is to be reduced in the proportion which the specified amount bears to that price.

Relevant Date: Finance Act 2021