Electric company car drivers are to get a tax break under new measures announced this afternoon by the Minister for Finance. If you’re keen on a Renault that can travel further, the company’s Zoe range also falls within the cap, with prices starting from €33,590 before the grants for the bottom of the scale and €39,990 for the higher end cars. Tá an chuid seo den suíomh idirlín ar fáil i mBéarla amháin i láthair na huaire. You can also choose to set optional analytics cookies that are described below. The XC60 T6 Recharge. Regardless of emissions standard, the 4% surcharge doesn't apply to diesel plug-in hybrids. Taxation of benefit-in-kind; Valuation of benefits; Private use of company cars; Private use of company vans; Travel passes or air miles; Free or subsidised accommodation; Free use of assets (other than accommodation, company cars or vans) Employers in the car and motor industry; Other benefits. This is only applicable to passenger cars, Light Commercial Vehicles (LCV’s) work on a different calculation using a fixed value of £3,490 multiplied by the individuals tax rate. 2018 Exemption. 60 Upper Main Street Rush Dublin K56 P235 Phone: 01-8702000 Mobile: 087-2884146 Mobile: 01-8702000 087-2884146. Please, It looks like the internet browser you are using is out of date. Petrol/Electric 340 hp 112.8 (2.5) - 141.1 mpg 57 - 45 CO₂ g/km From 10% BIK … Carzone recently issued their 2018 Motoring report which highlighted that almost two thirds of car buyers in Ireland are now considering purchasing an electric or hybrid vehicle in the near future. Granted, petrol and diesel engines still account for 93 per cent of new cars bought in Ireland. This website uses cookies in order for our video functionality to work. Those April changes to benefit in kind taxation were really significant. Buy & Sell on Ireland's Largest Cars Marketplace. There has been a huge jump in the number of electric and hybrid cars sold across Ireland. Don’t waste hours searching for answers use our intuitive Irish Tax Return software! Benefit in Kind (BIK) No BIK will arise in respect of the private use element of an electric company car provided to an employee. See how much you can save in costs and emissions. RRP from £29,340 to £41,450. This website uses cookies in order for our feedback functionality to work. The cost savings of the fuel, the insurance and the car … These cookies are used to help us understand how website visitors use this website. Add to compare. 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You can find more information on how we use our cookies in our Cookie Statement. Petrol/Electric 340 hp 97.3 - 122.7 mpg 54 - 66 CO₂ g/km From 13% BIK tax. When you save your YouTube cookies choice below, Revenue will save a cookie on your device to remember your choice. Hollingsworth Bikes is located between Dundrum and Stillorgan at 1 Drummartin Road, Kilmacud, Dublin 14. There has been a huge jump in the number of electric and hybrid cars sold across Ireland. Toggle navigation. The V90 T8 Recharge. For example, the cheapest version of the Tesla Model S starts from €95,198 while the more expensive version, with a 613km range, starts from €162,698. See car details. Car Dealer in Ireland. Benefit in kind (BIK) for employers What is benefit-in-kind? 04/04/2018 By O'Donovan Keyes & Co. They prove to be light, fun and comfortable companions, mile after mile. We do not include hybrids that cannot be plugged in. A cap of €50,000 on the original market value (OMV) of the car or van that is exempt from BIK … The treatment applies to both new and used vans. A BIK is a non-cash benefit an employer gives to an employee and the retention of the 0 per cent rate effectively means that no taxable benefit arises for an employee where they’re given an electric car or van by their employer. The BIK on a company car relates to the private use of the car by the employee, the cash benefit is calculated from the original market value (OMV) of the car. Please, Free use of assets (other than accommodation, company cars or vans), Use of facilities (sports, recreational, childcare and car-parking), Internet, computers, phones and work related supplies, Examinations, courses and professional subscriptions, Service and performance schemes and awards, Security assets or services and indemnity insurance, 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). Your analytics cookies that are fully electric vehicles in Ireland for the I3 start from €45,750 bik on hybrid cars ireland grants... The OMV is the list price of the vehicle Melanie may Monday 14 may … company! Of every page on this website uses cookies in order for our feedback functionality to work years... 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