BIK & Expenses

The taxation of Benefits in Kind (BIK) and the payment of expenses free of tax are some of the most complex issues that payroll personnel and employers have to deal with. BIK and the payment of expenses tax free are common issues in many Revenue compliance interventions and audits. The training course will discuss the rules and include numerous working examples which will ensure that delegates obtain a thorough understanding of what is discussed.

• BIK valuation rules
• What is notional pay?
• Employer provided vehicles – cars, vans, motorbikes
• Preferential loans
• Employer provided accommodation
• Medical Insurance
• Professional Subscriptions
• Staff Discounts
• Small Benefit Exemption and other exempt benefits
• Salary sacrifice for bikes and travel passes

• Tax relief for expenses incurred in employment
• Reimbursement of expenses
• Civil Service motor travel and subsistence rates
• Removal and relocation expenses
• Remote Working

• Reportable Benefits
• Communicating with Revenue
• ERR Submission
• Corrections