BIK on company Van

Can anyone advise how BIK is calculated when an employer gives you a company van?

5% of OMV

Thanks Joe 90

How does the employee pay this to an employer? or is it deducted from salary?

Ford5610 said:

Can anyone advise how BIK is calculated when an employer gives you a company van?

Click to expand...

Apart from driving to and from work, will there be any other private use of the van ? if not, BIK might not apply:

Where an employee who has the use of a company van goes directly to work from home in the morning and brings the van home every evening, will there be a taxable benefit?

Where a van is available for private use, a taxable benefit arises. However, such private use will not be taxable where the following conditions are met:

1. the van is supplied by the employer to the employee for the purposes of the employee's work,

2. the employee is required by the employer to bring the van home after work,

3. apart from travelling from work to home and back to work, other private use of the van by the employee is forbidden by the employer, and there is in fact no other private use,

4. in the course of his or her work, the employee spends at least 80% of his or her time away from the premises of the employer to which he or she is attached.


http://www.revenue.ie/en/tax/it/leaflets/benefit-in-kind/faqs/company-vehicles.html#car11

Are you supposed to keep logs of how often you are away from the office?
I'd be interested to find out exactly how much revenue collects from this(I'm guessing practically nil).

I would guess that many with company vans would be liable for BIK but never have to pay, a friend of mine is one. In his case the issue just does not arise, as far as anyone is concerned the van is left in the company premises every night.

I think it is impossible for revenue to enforce.