BIK on Company Car

Discussion in 'Tax' started by Mez!, Nov 14, 2017 at 8:40 PM.

  1. Mez!

    Mez! Registered User

    Posts:
    13
    Am I correct with the following annual BIK calculations for a person on the higher income tax rate? Assume no contribution towards running costs.

    OMSP = €25,000
    Annual business mileage = 50,000km

    6% x €25,000 = €1,500

    40% x €1,500 = €600 per annum tax due