The following will apply for BIK on employer-provided vehicles for 2024:
A reduction of €10,000 will apply to the original market value (OMV), to reduce the amount of BIK payable, for all cars in Category A,B,C and D (not E) and all vans.
The current reduction of €35,000 in OMV will continue to apply for all electric vehicles.
The lower mileage limit in the highest mileage band which applies to employer-provided cars will remain at 48,000.
For 2025, 2026 and 2027, the reductions in the OMV for electric vehicles will be €35,000, €20,000 and €10,000 respectively.