IPASS

Benefit in Kind & Tax Free Expenses

 There are no dates scheduled yet for this course ut to be kept informed please email This email address is being protected from spambots. You need JavaScript enabled to view it.  

Everything you wanted to know, but didn't know who to ask! The taxation of Benefits in Kind and the rules in relation to the payment of expenses are some of the most complex issues that payroll personnel and employers have to deal with. The rules are confusing, sometimes apparently contradictory and often involve complex calculations, with hidden costs for both employers and employees.

However, the rules also offer opportunities which employers and employees can avail of to minimise their tax liabilities, which many are not aware of.

This 1 day training course will discuss the rules and highlight the opportunities which they present to employers. It will include numerous worked examples which will ensure that delegates obtain a thorough understanding of what is discussed. Revenue are currently undertaking BIK audits and attendance of this course may make a great difference to the outcome of a Revenue audit and avoid PAYE, PRSI and USC underpayments, penalties and possible publication as a tax defaulter.

 

 

The Calculation & Taxation of Benefits in Kind 

  • BIK valuation rules
  • Taxis for staff - the unknown problems
  • Gifts to staff
  • Salary Sacrifice
  • Small Benefit Exemption
  • Use of company assets
  • Staff discounts
  • Payment of club/gym fees
  • Social clubs and social events
  • Exempt benefits
  • Club Subscriptions
  • Vouchers
  • Child Care facilities/payments
  • Goods from stock
  • Forms P11D
  • Mobile phones and payment of
    home phone bills, including internet fees
  • Company loans, accommodation,
    Medical Insurance (extremely confusing)
  • Exceptional Service Awards
  • Professional Subscriptions
  • Company cars, jeeps, vans, trucks,
    crewcabs, motorcycles - the most common mistakes
    and the most common problems
  • New Rules for Share Based Remuneration
  • Deadline for collection of PAYE, PRSI & USC
    from employees and hidden costs
  • Administration, annual Revenue reports -
    employer's obligations
  • Revenue BIK audits

The Payment of Tax Free Expenses 

  • Payment of tax free expenses
  • Motor travel expenses
  • Bicycle allowances
  • Motorbike allowances
  • Subsistence rates
  • Reimbursement of expenses
  • Round sum allowances
  • Hidden costs of Per Diems
  • Payment of study fees
  • E workers/home workers
  • Removal/relocation expenses
  • Travel to and from work
  • Inducement payments
  • Staff awards
  • Company car or own car
  • Payment of petrol money/Fuel cards
  • Tax Free payments - net to gross
  • Records to be maintained 
  • Expenses to Members of State/State Sponsored Committees
  • Tax relief for un-reimbursed motor expenses incurred by employee's
  • Travel and subsistance for tempory assignees in Ireland

 

 


CPD/CPE Hours
Attendance at this seminar may qualify for 7 CPD/CPE hours for members of the Institute of Chartered Accountants in Ireland, the Association of Chartered Certified Accountants, the Institute of Certified Public Accountants in Ireland, the Irish Taxation Institute, the Law Society, Accounting Technicians Ireland and other professional bodies.

Timetable
Courses run from 10.00am - 4.30pm - tea/coffee on arrival. mid-morning & mid-afternoon and lunch will be provided.

Course Fees 

1 delegate:

€325.00

2 delegates:

€600.00

Additional delegates:

€225.00

 

10% discount for IPASS members. 

Submit to DeliciousSubmit to DiggSubmit to FacebookSubmit to Google BookmarksSubmit to StumbleuponSubmit to TechnoratiSubmit to TwitterSubmit to LinkedIn

Talking Payroll

Discuss payroll issues, find out answers from us and other payroll and tax professionals & stay up to date with the latest news on IPASS events as well as changes in payroll and tax practices.

Join in today

 

Contact us

IPASS House,
H4 Centrepoint Business Park,
Oak Road, Dublin 12

email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Tel:  +353-1-4089100
Fax: +353-1-4089102

Tweet To @IPASSonline

IPASS BOOK

A comprehensive, practical and useful book for any Payroll, HR or Finance professional.

Special price until 17th May.

Buy online today

 

Read More

You are here: Home PAYE & PRSI Training BIK & Tax Free Expenses