For Diesel vehicles that do not qualify for the new RDE2 certification, an additional 4% is added to the BIK % up to 37% * List Prices and BIK rates correct at time of publication - 6th April 2020 ** Commercial Vehicle BIK assumes private use with no fuel benefit Survey cookies are set by a third-party service provided by Qualtrics. Please, Calculating the cash equivalent of company vans, Please rate how useful this page was to you, Reporting shadow economy activity (tax evasion), Dividend Withholding Tax (DWT) real-time reporting, Submission to Tax Appeals Commission public consultation, Fraudulent emails and SMS (text messages), is made solely or mainly for the transport of goods, has a roofed area behind the driver’s seat. You can also choose to set optional analytics cookies that are described below. Less contribution = (€1,000) Nominal Pay = €6,200. For the purposes of this section of the website, a ‘company van’ refers to all vans provided to employees from their employer. The 0 per cent BIK … As with BIK, Class 1A National Insurance Contributions are considerably reduced on a Light Commercial Vehicle compared with a passenger car. When you save your survey cookies choice below, a cookie will be saved on your device to remember your choice. They are set by a third-party service provided by Google. Survey cookies are set by a third-party service provided by Qualtrics. These cookies are required in order for our feedback functionality to work. 'I can’t wait to see my family': Ireland's first Covid-19 vaccine recipient gets second dose munster 360 Covid cases in Mid-West nursing homes so far this month You can change your mind and turn them off at any point in the future by clicking the Cookie Statement quick link in the footer of every page on this website. The van must have a gross van weight (gross laden weight) of more than 3,500kg for this exemption. This Revenue cookie is set as a session cookie and will be deleted once you close this browsing session. This section is only applicable where ownership of the van does not transfer to the employee. This website uses cookies that are necessary to make the website work. In most cases, it is best to buy a small family runabout in addition to your work van or commercial vehicle. If you pay an allowance to an employee to allow them to purchase a van, this will be taxable salary and this section shall not apply. You can choose to set these optional video cookies that are described below. These cookies are required in order for our feedback functionality to work. Register now to see if you qualify for a free subscription. Where this occurs, no charge to BIK arises in respect of any use by your employee where either of the following apply: Where neither of the above apply, only a partial exemption is available. For more information on the vehicles we can provide please contact Jensen Fleet Solutions on 01-4605250 or … These cookies are required in order for our video functionality to work. 2019 to 2022 Extension of Exemption. This is calculated by using the cash equivalent of the company van. When you save your YouTube cookies choice below, Revenue will save a cookie on your device to remember your choice. your employee spends at least 80% of their working day away from your work premises. To get around the penal BIK system, companies sometimes provide car-derived vans to their employees, as the BIK rate is the case of commercial vehicles is only 5% rather than a potential 30%. Where this occurred, no charge to BIK arises in respect of any use by your employee in 2018. If you transfer the car to your employee, general BIK rules shall apply. You must travel at least 5,000 business miles and qualify for the 70% rule as explained below. 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