Hi there
We're having this debate in our office today
Let's say that you are self employed (have a ltd company and are the sole employee of it) and are working at the same site each and every day for a few years. As in you are regarded as a "normal PAYE employee" on that site, by Revenue.
Your car is "owned" by the company and you pay the BIK- 30% of market value each year etc etc.
Now- can you pay for the diesel to drive to work etc through your business? So each month your business account will pay for the €400 or so on diesel for going to work?
Is there a BIK on this fuel to be paid too?
This seems strange that Revenue will only want the BIK on the company % vehicle's value nad nothing on the fuel you are paying for?
Any thoughts?
We're having this debate in our office today
Let's say that you are self employed (have a ltd company and are the sole employee of it) and are working at the same site each and every day for a few years. As in you are regarded as a "normal PAYE employee" on that site, by Revenue.
Your car is "owned" by the company and you pay the BIK- 30% of market value each year etc etc.
Now- can you pay for the diesel to drive to work etc through your business? So each month your business account will pay for the €400 or so on diesel for going to work?
Is there a BIK on this fuel to be paid too?
This seems strange that Revenue will only want the BIK on the company % vehicle's value nad nothing on the fuel you are paying for?
Any thoughts?