Ireland Company Car BIK Calculator
Irish company-car BIK is the Original Market Value times a percentage set by the car's CO2 category and your annual business mileage. Electric cars get an OMV reduction.
How to use it
- Enter the OMV and category. Original Market Value and the CO2 emissions category (A lowest to E highest).
- Add your business mileage. More annual business kilometres lowers the percentage applied.
- See the benefit and tax. PayGlance shows the cash-equivalent benefit and the income tax, USC and PRSI on it.
FAQs
How is Irish company-car BIK calculated?
Cash-equivalent = Original Market Value × a percentage that depends on the car's CO2 category (A-E) and your annual business mileage band. More business travel reduces the percentage - from 22.5% down to 9% for a Category A car.
How are electric company cars treated?
Electric cars get an OMV reduction of €35,000 in 2026 (tapering to €20,000 in 2027 and €10,000 in 2028) before the percentage is applied, which can remove the charge entirely on lower-value EVs.
What tax do I pay on the benefit?
The cash-equivalent is added to your pay and charged to income tax, USC and PRSI at your marginal position.