Amendment to Company Vehicle BIK Rules

Amendment to Company Vehicle BIK Rules

From 1 January 2023, a new method of calculating Benefit in Kind (BIK) due on company cars will come into effect. So, what is Benefit in Kind (BIK)? BIK is any non-cash benefit of monetary value that you provide for your employee. These benefits can also be referred...
Does your employer pay your rent?

Does your employer pay your rent?

If so, you must remember that income tax is due on the amount at your marginal rate, including PRSI & USC. Employers are increasingly offering this benefit to their new employees, obviously easing the burden of renting in Ireland, especially if re-locating. As we...