This one-day course on Benefit in Kind (BIK) is designed to provide you with a clear and practical understanding of BIK and its implications for both employers and employees in Ireland. Throughout the day, we 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.
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. By the end of the course, you’ll have a solid grasp of the key regulations, reporting obligations, and tax-efficient approaches to managing BIK, so you are more confident in handling BIK within your organisation.
All attendees will receive a full course pack to refer to and will have the benefit of learning from a trainer with a wealth of experience in this area.
This course will be very beneficial to HR Professionals, payroll, finance, accounts, tax and compliance officers, owners, directors, CEO’s, compensation and benefits specialists, legal, compliance, accountants, auditors, to name just a few.
On completion of this one-day training course, you will receive your Certificate of Attendance. Please note certificates are issued at the close of the training course to participants on completion of the course.
This course may qualify for CPD points. Please check directly with your association or awarding body to see how many points they will award.
An ‘Early Bird’ discounted rate of €535 is currently available. This training course normal rate is €635. Places are limited and are allocated on a first come first served basis.
The course cost includes all course notes and Certificate.
A benefit in kind (BIK) is any non-cash benefit of monetary value that an employer provides to an employee, such as a company car, private health insurance, or accommodation. These benefits are treated as taxable income and must be reported through the payroll system, with the appropriate deductions for Income Tax, Pay Related Social Insurance (PRSI) and Universal Social Charge (USC) applied.
Common examples of BIK include company cars for private use, private medical insurance or other employer-provided insurance, accommodation, loans at below market rate and other perks with a monetary value. Employers must calculate the taxable value accurately and include it in the employee’s taxable income.
For employer-provided vehicles, the BIK value is based on factors such as the vehicle’s original market value, its CO₂ emissions and the amount of private use. The calculated notional pay must be included in payroll and tax deducted through PAYE. Exemptions and reductions may apply for electric vehicles or certain business conditions.
Training that is directly relevant to an employee’s role or business duties can be exempt from being treated as a BIK if it enhances job performance or is necessary for their work. Irrelevant training paid for by the employer may be considered a taxable benefit.
BIK rules can be complex and vary depending on the type of benefit provided. Misreporting or failing to apply correct payroll taxation can result in underpayment of tax, penalties and compliance issues with the tax authority. Practical training helps payroll, HR and finance professionals understand reporting obligations, valuation methods and common pitfalls.
Certain benefits may have exemptions or reductions, such as provision of electric vehicle charging points or small non-cash benefits under a threshold value. Being aware of applicable exemptions can help manage tax liabilities more effectively.
Effective BIK management involves setting clear policies, calculating cash equivalents correctly, reporting benefits through the payroll system and keeping accurate records. Understanding the legal framework and Revenue guidelines helps reduce errors and ensures that benefits are administered fairly and transparently.
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