M Mez! Registered User Messages 49 14 Nov 2017 #1 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
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