Daily Archives: September 13, 2017

Taxation of company vehicles

The provision of a company vehicle to an employee is of dubious benefit, due to the taxation implications. For the company, deductibility is dependant on business use, so if a vehicle is largely used by an employee for personal purposes, the tax deduction is reduced accordingly. Furthermore, even the business deductibility is restricted for “higher value” vehicles, ie those costing more than €24,000. For the employee, he/she will be assessed […]