Revenue eBrief No. 126/22
20 June 2022
Accelerated wear and tear allowances for gas vehicles and refuelling equipment
Tax and Duty Manual Part 09-02-06 – Accelerated wear and tear allowances for gas vehicles and refuelling equipment – has been updated to reflect amendments made by Finance Act 2021 to the scheme of accelerated capital allowances available under section 285C TCA 1997, as follows:
- The scheme is extended to 31 December 2024.
- Capital expenditure incurred on or after 1 January 2022 on certain hydrogen vehicles and related refuelling equipment qualifies for the accelerated allowances.