Skip to main content
2026 & 2027 Company Car Tax Engine

BIK Car & Electric Vehicle Calculator

Calculate your exact monthly take-home pay deduction for an Irish company car. Models EV Category A1 rates, the €30,000 OMV reduction, and the upcoming 2027 taper.

2026 rates verified

Vehicle Details

List price inc. VAT & VRT
€
Band: 0 – 26,000 km → 15% BIK Rate
km / year
€

Calculates your exact PAYE/USC/PRSI bracket.

€

Deducted directly from taxable BIK.

Revenue.ie Tax & Duty Manual Part 05-01-01b verified
Net Take-Home Pay DeductionTax Year 2026

€-165 / month

Equates to €-1,974/year or €-38/week out of your payslip.

Notional Annual BIK Value:€3,750
Original Market Value (OMV):€55,000
Less Statutory OMV Reductions:–€30,000
Adjusted Taxable OMV:€25,000
Applied BIK Rate:15%
Effective Marginal Tax Hit:-52.65%

EV Tax Advantage vs Petrol / Diesel

For a €55,000 company car, an electric vehicle saves you:

Monthly Cash Saved

+€-413

Annual Cash Saved

+€-4,961

Upcoming 2027 BIK Taper

In 2027, the total EV OMV reduction tapers down from €30,000 to €15,000 (€10,000 EV-specific + €5,000 universal).

Your 2027 take-home hit will rise to €-263/month (+€-99/month increase).

Want the full rules & advice?

Read our in-depth Chartered Accountant guide on EV BIK exemptions, pool cars, and charging reimbursements.

Read Electric Vehicle BIK Guide 2026 →

Was this BIK Calculator helpful?

Regulatory & Statutory AccuracyTax Year 2026 Verified
🏛️

Revenue.ie Statutory Rates

Calculations strictly align with the Finance Act 2025/2026 and official rate schedules published by the Irish Revenue Commissioners.

Chartered Accountant Reviewed

Formulas designed and verified by a qualified Chartered Accountant (ACA) for Irish Tax Estimator.

100% Client-Side Privacy

Calculated entirely in your device memory. Zero salaries, income data, or personal details are transmitted or stored on any server.

Disclaimer: This calculator provides estimates only and does not constitute professional tax advice. Figures are based on Revenue.ie guidelines for tax year 2026. Individual circumstances vary — always consult a qualified tax advisor for advice specific to your situation.