Calculate Irish Company Car Benefit-in-Kind (BIK): €45k EV relief, OMV discounts, CO2 bands A to E, annual business mileage, and employee take-home pay impact.
Revenue Ireland Benefit-in-Kind criteria
\text{Taxable OMV} = \max\Big(0, \ \text{OMV} - \text{Relief}\Big) \\
\text{Relief} = \begin{cases} €45,000, & \text{if Electric Vehicle (EV)} \\ €10,000, & \text{if Category A--D (Universal)} \\ €0, & \text{if Category E (>179g CO2)} \end{cases} \\
\text{Taxable BIK} = \max\Big(0, \ (\text{Taxable OMV} \times \text{Mileage BIK}\%) - \text{Employee Contribution}\Big) \\
\text{Net Employee Tax Cost} = \text{Taxable BIK} \times (\text{PAYE} + \text{PRSI} + \text{USC})Under Revenue Ireland rules (Finance Act 2023–2026), Company Car BIK is calculated by applying a percentage based on business mileage and CO2 emissions category (A to E) to the Original Market Value (OMV). Electric Vehicles benefit from an enhanced €45,000 OMV deduction (€35,000 EV relief + €10,000 universal temporary relief). Taxable BIK is treated as notional salary taxed under PAYE, PRSI, and USC.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual Central Bank of Ireland mortgage caps, Revenue PAYE/USC/PRSI rules, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult a qualified financial advisor, CPA, or Irish Revenue documentation prior to executing financial commitments.
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