Amendment to Company Vehicle BIK Rules

Amendment to Company Vehicle BIK Rules

by | Sep 19, 2022 | Advice

From 1 January 2023, a new method of calculating Benefit in Kind (BIK) due on company cars will come into effect. So, what is Benefit in Kind (BIK)? BIK is any non-cash benefit of monetary value that you provide for your employee. These benefits can also be referred...
Revenue extends reduction on BIK for company cars

Revenue extends reduction on BIK for company cars

by | Jan 16, 2021 | General

In March 2020, Revenue introduced an amendment on BIK due to the Covid Pandemic, as many employees were not driving for business purposes. The new measure allowed employees with company cars to calculate their monthly BIK due based on the business kilometres driven in...
e-Working and home workers Update

e-Working and home workers Update

by | Oct 26, 2020 | Advice

Revenue have issued updates to e-working and tax. As a majority of the country are now working from home, let’s recap on what this means for employees and employers? What is an e-worker? This is where an employee; Works from home full or part-time Works on the move,...
Does your employer pay your rent?

Does your employer pay your rent?

by | Mar 26, 2019 | Advice

If so, you must remember that income tax is due on the amount at your marginal rate, including PRSI & USC. Employers are increasingly offering this benefit to their new employees, obviously easing the burden of renting in Ireland, especially if re-locating. As we...