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BIK

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  • 28-06-2023 12:20am
    #1
    Stan27
    Registered Users Posts: 530 ✭✭✭


    Hi.


    Anyone have a company car currently. Are the new BIK rates really that bad ?


    Regards,



Comments

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    #2
    SureYWouldntYa
    Registered Users Posts: 7,724 ✭✭✭SureYWouldntYa


    They can be quite harsh depending on the emissions category that the car falls into, and the tax charge will be circa 48-52% if you're on the higher rate of tax so it can quite expensive

    If you can get a van it is a flat 8% charge now no matter the emissions

    Electric vehicles will have a reduced charge, they were exempt until the end of 2022 but that has now come to an end



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    #3
    kerb
    Registered Users Posts: 105 ✭✭kerb


    HI do you know if a Toyota Landcruiser commercial jeep is considered a commercial vehicle like a van so bik would be calculated at 8% ??



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    #4
    Homer
    Registered Users Posts: 4,266 ✭✭✭Homer


    As far as I am aware for it to be considered a commercial vehicle like a van there cannot to seats behind the driver (thats what my accountant informed me) a few years back when I was looking at a 5 seat jeep which would have commercial tax and be allowed in loading bays etc but didn’t qualify for the lower rate of BIK



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    #5
    steinbock123
    Registered Users Posts: 611 ✭✭✭steinbock123


    Once there’s seats behind the driver it’s classed as a car so full BIK.



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