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BIK Calculations on a company car

  • 08-07-2017 2:03pm
    #1
    odd job
    Registered Users, Registered Users 2 Posts: 4 ✭


    Hi

    Quick question re BIK and personal mileage.

    I'm currently doing over 40,001km per year and on 18% for BIK with Revenue. Having read various websites I have a feeling that l should be on 12%. I'm guessing that a percentage of my mileage is being deducted for personal use, taking me below the 12% rate and increasing me to my current 18% rate. Would anyone know if this is correct?I can't seem to find an answer on Revenue website.

    Would also appreciate any information and or advice regarding this.


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