Car or van pool – exemption from BIK

Car or Van Pool Treatment

A vehicle which is included in a car or van pool for the use of employees of one or
more employers is treated as not available for the private use of employees ( no BIK therefore would arise) if, in the
tax year, all of the following conditions are met:

a) the vehicle is available to, and actually used by, more than one of the
employees concerned,
b) in the case of each employee, the vehicle is made available to him or her by
reason of the employment,
c) the vehicle is not ordinarily used by any one employee to the exclusion of the
others,
d) in the case of each of the employees concerned, any private use of the
vehicle made by him or her is merely incidental to his or her business use,
and
e) the vehicle is not normally kept overnight at or in the vicinity of any of the
employees’ homes.

Subject to qualifying conditions

Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie