Example for claiming tax relief for working at home expenses The example below outlines the approach for employees claiming relief for allowable e-working expenses (i.e. expenses that are incurred wholly, exclusively and necessarily in the performance of the duties of their employment) Example: John works 180 days in total during the year, and 90 of…
Provision of bicycles for directors and employees The Cycle to Work Scheme allows you to purchase new bicycles and safety equipment for your employees. Items purchased under the scheme are not a taxable benefit-in-kind (BIK). Items purchased under the scheme must: be made available to all employees and directors be used for qualifying journeys cost no more than €1,000…
Electric Vehicles – Tax exemption If your employee receives an electric company car (EV’s), no charge to tax will arise in respect of that private use. This exemption is for cars that get their motive power from electricity only and there is a cap of €50,000 on the value after which BIK is imposed. This…
