92. Deputy John Brassil asked the Minister for Finance if he will address the case of a person (details supplied); and if he will make a statement on the matter. [50664/19]

I am advised by Revenue that since my previous response to the Deputy regarding this matter (Parliamentary Question 117 of 5 November 2019), the person concerned submitted the required documentation, which was received by Revenue on 22 November 2019.

The documentation included a letter from the relevant insurance company confirming that the pre-accident value of the vehicle concerned was €3,600. This value can now be used as the Open Market Selling Price (OMSP) and applied to the formula provided for in the Regulations. The application of the formula-based calculation reduces the early disposal figure due to Revenue from €1,092 to €635.04.

Revenue has also confirmed that a letter advising the person of the revised calculation will issue on 3 December 2019.