Irish Company Car BIK Calculator — OMV, Mileage Bands & €45,000 EV Relief
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.
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.
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. Calculate exact, penny-accurate projections compliant with 2026 Revenue Commissioners • DSP • Central Bank of Ireland standards using Calconova's deterministic IEEE-754 (Decimal.js) calculation engine with instant breakdowns.
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.
Qualifying zero-emission EVs receive a combined €45,000 OMV reduction (€35,000 EV specific relief + €10,000 universal relief). For an EV with an original list price of €45,000 or less, the taxable OMV is reduced to €0, resulting in zero taxable BIK and zero income tax liability for the employee.
OMV is the manufacturer's suggested retail price (inclusive of all optional extras, VAT, and VRT) of the car when brand new in Ireland. Even if the company bought the vehicle second-hand or at a corporate discount, BIK is strictly calculated on its original brand-new OMV benchmark.
Higher business travel reduces BIK percentages significantly. For Category A vehicles, the BIK rate drops from 9% (under 26,000 km/yr) to 6.75% (26,001–39,000 km), 4.5% (39,001–52,000 km), and down to just 2.25% for high road warriors exceeding 52,000 km annually.
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