Finance Act 2017

Benefit in kind: relief relating to electric vehicles

7. Part 5 of the Principal Act is amended—

(a) in Chapter 3, by inserting the following after section 118(5G):

“(5H) Subsection (1) shall not apply to expense incurred by the body corporate in, or in connection with, the provision, for a director or employee, in any of its business premises, of a facility for the electric charging of vehicles, where all the employees and directors of that body corporate can avail of the facility.”,

and

(b) in Chapter 4—

(i) in section 121—

(I) in subsection (1)(a), by inserting the following after the definition of “car”:

“ ‘electric vehicle’ means a vehicle that derives its motive power exclusively from an electric motor;”,

and

(II) in subsection (2)(b)—

(A) in subparagraph (i), by deleting “and”,

(B) in subparagraph (ii), by substituting “car, and” for “car.”, and

(C) by inserting the following after subparagraph (ii):

“(iii) notwithstanding subparagraph (ii), no amount shall be treated as emoluments of the employment where the car provided is—

(I) an electric vehicle, and

(II) provided during the period 1 January 2018 to 31 December 2018.”,

and

(ii) in section 121A—

(I) in subsection (1), by inserting the following definition:

“ ‘electric vehicle’ has the meaning assigned to it by section 121;”,

and

(II) in subsection (2)(b)—

(A) in subparagraph (i), by deleting “and”,

(B) in subparagraph (ii), by substituting “van, and” for “van.”, and

(C) by inserting the following after subparagraph (ii):

“(iii) notwithstanding subparagraph (ii), no amount shall be treated as emoluments of the employment where the van provided is—

(I) an electric vehicle, and

(II) provided during the period 1 January 2018 to 31 December 2018.”.