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Benefit in kind: relief relating to electric vehicles
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7. Part 5 of the Principal Act is amended—
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(a) in Chapter 3, by inserting the following after section 118(5G):
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“(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.”,
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and
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(b) in Chapter 4—
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(i) in section 121—
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(I) in subsection (1)(a), by inserting the following after the definition of “car”:
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“ ‘electric vehicle’ means a vehicle that derives its motive power exclusively from an electric motor;”,
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and
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(II) in subsection (2)(b)—
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(A) in subparagraph (i), by deleting “and”,
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(B) in subparagraph (ii), by substituting “car, and” for “car.”, and
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(C) by inserting the following after subparagraph (ii):
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“(iii) notwithstanding subparagraph (ii), no amount shall be treated as emoluments of the employment where the car provided is—
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(I) an electric vehicle, and
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(II) provided during the period 1 January 2018 to 31 December 2018.”,
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and
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(ii) in section 121A—
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(I) in subsection (1), by inserting the following definition:
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“ ‘electric vehicle’ has the meaning assigned to it by section 121;”,
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and
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(II) in subsection (2)(b)—
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(A) in subparagraph (i), by deleting “and”,
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(B) in subparagraph (ii), by substituting “van, and” for “van.”, and
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(C) by inserting the following after subparagraph (ii):
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“(iii) notwithstanding subparagraph (ii), no amount shall be treated as emoluments of the employment where the van provided is—
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(I) an electric vehicle, and
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(II) provided during the period 1 January 2018 to 31 December 2018.”.
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