Your employee had the use of an employer-provided vehicle for 153 days of 2017. The OMV of the car is €28,000.
The employee travelled 12,000 business kilometres in 2017. He paid €750 that year towards the running costs of the car.
Annualised business kilometres for the year is worked out as 12,000 kilometres x 365/153 = 28,627 kilometres.
The cash equivalent is equal to the OMV x 24% (kilometres driven between 24,000 and 32,000).
This is then reduced to reflect the number of days the car was actually in use.
Calculation of taxable benefit
||€28,000 x 24% x 153 / 365
|Amount paid for running costs
This benefit is treated as the cash equivalent for the year.