Taxation of Benefit in Kind

5th & 6th October

This course is delivered online over two half days. Each day will run from 10.00am – 1.00pm

Everything you wanted to know, but didn’t know who to ask! The taxation of Benefits in Kind is one 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 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.  

BIK comes up as an issue in many Revenue compliance interventions and audits. Attendance at this course may make a great difference to the outcome of a Revenue compliance intervention or audit and avoid PAYE, PRSI and USC underpayments, penalties and possible publication as a tax defaulter. 

Who should attend this course?

Payroll, HR and Finance managers and staff, or anyone who works in, or is responsible for the Payroll/HR function will find this course to be of immense benefit.

What is Covered on the Day?

  • BIK valuation rules
  • What is notional pay?
  • Taxis for staff
  • 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
  • Vouchers
  • Crèche and childcare facilities.
  • Third Party Benefits
  • Goods from stock
  • Third Party Benefits
  • Mobile phones and payment of home phone bills, including internet fees
  • Company loans
  • Accommodation
  • Medical Insurance and Dental Insurance (extremely confusing) 
  • Company cars, jeeps, vans, trucks, crewcabs, motorcycles – the most common mistakes and the most common problems
  • Electric vehicles and Charge Points
  • BIK and periods of leave
  • Exceptional Service Awards
  • Professional Subscriptions
  • Payroll treatment of Share Based Remuneration
  • Deadline for collection of PAYE, PRSI & USC from employees and hidden costs
  • Administration, records, employers’ obligations, Revenue Returns 

Benefits of attending

  • An opportunity to put your questions to a specialist payroll consultant
  • Small groups to allow time for individual attention  and queries
  • A detailed handout is supplied to each delegate – an invaluable reference document
  • 30 day free telephone helpline service following date of course

This practical payroll course is being delivered by IPASS payroll consultants who have unrivalled knowledge and experience in the operation of the PAYE system.

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.

This course is delivered online over two half days.

IPASS Member €275
Non Member: €350

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