Revenue eBrief No. 126/22 – Accelerated wear and tear allowances for gas vehicles and refuelling equipment


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.

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