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BIK on leased cars

Poor_old_gill · 2022-03-23 20:06:52

Folks, Just a quick question - if my company was to lease a car and provide it to me for both business and personal use then what is the level fo BIK I would have to pay? For example a car worth 50k Also does the 50k elec car exemption apply here also. Any help would be greatly appreciated

23-03-2022 8:06pm

#1

Poor_old_gill

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Posts: 2785

Folks,
Just a quick question - if my company was to lease a car and provide it to me for both business and personal use then what is the level fo BIK I would have to pay?
For example a car worth 50k
Also does the 50k elec car exemption apply here also.

Any help would be greatly appreciated

0

Comments

#2 24-03-2022 8:53am

Stratvs

Registered Users, Registered Users 2 Posts: 958 ✭✭✭

Join Date: October 2018

Posts: 953

https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-05/05-01-01b.pdf
BiK would be calculated as normal based on business mileage and the relevant provisions of the guide linked above.
How the employer finances the vehicle would not have any impact on how the BiK charge to the employee is computed electric or otherwise.

0