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25 sty 2024 · From 1 January 2023, a new CO2-based Benefit-in-Kind (BIK) regime for employer-provided cars applies. The amount taxable as BIK is determined by the car’s OMV, the annual business kilometres driven and the CO2 emissions-based bands. The number of mileage bands is reduced from five to four.
You can repay your employees when they use their private cars, motorcycles or bicycles for business purposes. This payment can be made, tax free, by the amount of business kilometres travelled. You can either: use the current schedule of Civil Service rates.
1 wrz 2022 · Cars (rate per kilometre) The kilometres accumulated by an employee between 1 January 2022 and 31 August 2022 will not be altered by the introduction of these new rates. Actual kilometres driven to date will, however, count towards total kilometres for the year. Example. You have claimed 1,400km by 31 August 2022.
15 maj 2024 · Fixed mileage allowance. There is a maximum mileage allowance per kilometre that the employer can reimburse tax-free. The mileage allowance rates depend on the type of vehicle. These maximum amounts are based on the Civil Service rates and can be found on the website of the Irish Revenue.
In Ireland, if you have a company car you will pay some benefit in kind. How it works. Tax rules are that you pay PAYE on a cash equivalent calculated using Original Market Value and the annual mileage you drive for business. Original Market Value is calculated to be the list price of the car less 10% discount.
13 lut 2024 · To calculate A: Determine the applicable vehicle category from Table B based on the amount of CO2 g/km the vehicle produces. Locate your vehicle category in Table B. Use Table A’s annual business mileage thresholds to establish the appropriate percentage to use for A. You can also download the full Company Car BIK formula here.
Mileage tax calculator. Quickly calculate how much you can claim for using your vehicle for work. Cars, vans, motorcycles or bicycles. Give it a go! Tax year 2024/25 . Your situation. Do you own the vehicle you use for work? Yes. No. Results. Enter your vehicle ownership information. How to use the mileage tax calculator.
