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6 Seat company van BIK query

  • 21-04-2016 4:17pm
    #1
    wackojacko1979
    Registered Users, Registered Users 2 Posts: 14 ✭


    Apologies if this has been covered previously, I have searched and not found a detailed answer. I am moving jobs shortly, and have the offer of a company car or van. My preference is to have a van (Renault Trafic), with 6 seats. However, how will the BIK be calculated on a van like this? My understanding is that it would be calculated as per BIK on a company car, sliding scale with the top end at 30% of OMV, which is where I would lie due to low planned mileage. However, I have heard that the BIK is currently calculated at 5%, in line with commercial vehicles. Any feedback on this, finding it hard to get a straight answer?
    Tagged:


Comments

  • #2
    Lockedout2
    Registered Users, Registered Users 2 Posts: 402 ✭✭Lockedout2


    Why do you want a 6 seater?

    Will there be private use?

    It appears that this is treated as a car for BIK purposes. I actually can't believe that!

    http://www.revenue.ie/en/tax/it/leaflets/benefit-in-kind/faqs/company-vehicles.html


  • #3
    wackojacko1979
    Registered Users, Registered Users 2 Posts: 14 ✭wackojacko1979


    Couple of friends have them. Very handy. Take the whole family and friends etc, still room for bikes in the back. Just a great all rounder for me. Different people are paying different rates on the vans, and I am concerned that I will get hit with a sizable penalty after having the van for 2 years, if work or revenue finally make a clarification on it!


  • #4
    Lockedout2
    Registered Users, Registered Users 2 Posts: 402 ✭✭Lockedout2


    wackojacko1979 wrote: »
    Couple of friends have them. Very handy. Take the whole family and friends etc, still room for bikes in the back. Just a great all rounder for me. Different people are paying different rates on the vans, and I am concerned that I will get hit with a sizable penalty after having the van for 2 years, if work or revenue finally make a clarification on it!

    Well when you put it that way then by definition it's a car! No real argument.


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