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Aim of Course
This course is designed to provide you with a clear and practical understanding of BIK and its implications for both employers and employees in Ireland. It will explore how BIK is taxed under Irish Revenue rules, how it should be reported through the PAYE system, and strategies to manage it effectively while ensuring compliance.
Who Should Attend
Whether you work in HR, payroll, finance, or management, this course will equip you with the knowledge to navigate BIK complexities, avoid costly errors, and implement best practices within your organisation.
Benefits of Course
You will benefit from formal training and gain an understanding of BIK and your obligations with Revenue. You are more confident in handling BIK within your organisation.
What is covered ?
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Understanding Benefit in Kind (BIK)
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Definition of BIK and why it matters
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Taxation of BIK - How BIK is valued for tax purposes
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Processing BIK and submitting to Revenue
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Common types of BIK (Company cars & vans, medical insurance, loans, accommodation, professional subscriptions etc.)
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BIK exemptions
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Vouchers
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Travel pass & cycle to work
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PAYE Settlement Agreements (PSA)
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Employee communication and transparency
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What to expect from a BIK Audit
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Best practices in BIK administration
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Penalties for non-compliance
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Review of case studies and real-world scenarios
Benefits of attending this online course
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Self-paced learning option, at a time and place that suits you.
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Course delivered by a qualified account with 25 plus years’ experience.
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Access to 2 x 2-hour course recording
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Detailed notes available to download
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Download templates for benefits and mileage tracking.
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Access course content for 1 year from the date of registration.
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Course content & resources are updated frequently to ensure it is accurate and relevant.
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Download Certificate of Completion.