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Private use of employer-provided vans

  1. Overview
  2. Calculating the cash equivalent of employer-provided vans
  3. Van allowances
  4. Exemptions from Benefit-in-Kind (BIK)

Van allowances

Your employee will have to pay Income tax, Pay Related Social Insurance (PRSI) and Universal Social Charge (USC) if you give them:

  • a sum of money as a van allowance
  • or
  • money to buy a van.

No tax is due if you refund your employee expenses for the running of their own van. The expenses must have been incurred wholly, exclusively and necessarily for the purposes of your business.

Next: Exemptions from Benefit-in-Kind (BIK)

Published: 25 January 2024 Print this page

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