Your employee had the use of an employer-provided vehicle for 153 days for 2023. The Original Market Value (OMV) of the car is €28,000 and it is a Category C vehicle.
The employee travelled 12,000 business kilometres in 2023. 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 minus €10,000 x 24% (kilometres driven between 26,001 and 39,000). This is then reduced to reflect the number of days the car was actually in use.
Calculation of taxable benefit
||€18,000 x 24% x 153 / 365
|Amount paid for running costs