Payroll Ireland newsletter Issue 1 - June 2022

Issue 1 - June 2022
Updates on the changes in legislation concerning taxation of company cars, vans and electric vehicles

Benefit in Kind (BIK): Changes from 2023

Section 6 of the Finance Act 2019 has introduced a new way to calculate the notional value of the use of a company car. Currently the notional amount is based on the original market value (OMV) and business mileage, however from 2023 it will be based on C02 emissions also.

Find out more how these updates will affect you in our newsletter

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Payroll Ireland newsletter June 2022 - Mazars in Ireland
Payroll Ireland newsletter - June 2022