Finance Act 2020
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Amendment of section 135C of Finance Act 1992 (remission or repayment in respect of vehicle registration tax, etc.) | ||
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34. (1) Section 135C of the Finance Act 1992 is amended, in subsection (3), by substituting the following subparagraph for subparagraph (ii) of paragraph (b): | ||
“(ii) in a case in which the open market selling price (within the meaning of section 133) of the vehicle is— | ||
(I) less than or equal to €40,000, €5,000, | ||
(II) greater than €40,000, but less than €50,000, the amount calculated in accordance with the following formula: | ||
5000 - | ||
(III) greater than or equal to €50,000, €0.”. | ||
(2) Subsection (1) shall come into operation on 1 January 2021. |
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