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BIK

  • 27-06-2023 11:20pm
    #1
    Registered Users Posts: 530 ✭✭✭


    Hi.


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


    Regards,



Comments

  • Registered Users, Registered Users 2 Posts: 7,792 ✭✭✭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



  • 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% ??



  • Registered Users, Registered Users 2 Posts: 4,347 ✭✭✭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



  • Registered Users Posts: 660 ✭✭✭steinbock123


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



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