Over the next five years, the amount of VAT recoverable on petrol costs will progressively be brought into line with the regime for diesel.

For passenger vehicle, the deductibility will be of 10% in 2017, 20% in 2018, 40% in 2019, 60% in 2020 and 80% in 2021.  For utility vehicle, the deductibility will start in 2018 with 20% to reach 100% in 2022.

By |February 3rd, 2017|