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.

Course Content

• Understanding Benefit in Kind (BIK)
• Definition of BIK and why it matters
• Common types of BIK (Company cars, private medical insurance, loans, accommodation, etc.)
• Differences between cash benefits and non-cash benefits
• Legal framework and employer responsibilities
• Taxation of BIK - How BIK is valued for tax purposes
• Income Tax - USC & PRSI
• Revenue guidelines and compliance requirements
• Employer vs. employee tax liabilities
• Payroll and Real Time Information (RTI) considerations
• PAYE Settlement Agreements (PSA)
• Avoiding common reporting errors
• Penalties for non-compliance
• Managing BIK Efficiently
• Strategies for reducing tax liability on BIK
• Salary sacrifice schemes and their implications
• Employee communication and transparency
• Best practices in BIK administration
• Interactive Q&A session
• Review of case studies and real-world scenarios
• Group discussions on BIK challenges

Who Should Attend

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.

Certification

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.