Benefit-in-Kind (BIK) Measures Retained
On account of the current Level 5 public health restrictions, Revenue confirmed that a number of benefit-in-kind short-term concessionary measures will remain in place for the time being.
14 January, 2020
COVID-19 measures related to Benefit-In-Kind (BIK)
On account of the current public health restrictions at Level 5, Revenue confirmed today that the following benefit-in-kind (BIK) short-term concessionary measures will remain in place for the time being:
- BIK on provision of COVID-19 testing,
- BIK on facilitation of flu vaccination,
- BIK on employer provided vehicles,
- Use of company cars by employees in the motor industry,
- Payment of taxi fares by an employer,
- Small Benefit Exemption, and
- BIK on employer provided accommodation.
We will continue to review and keep you updated.
If you require any guidance regarding benefit-in-kind or any other tax matters, do get in touch at 0818 303 087 or email info@avidpartners.ie
Further Reading: Guidance is available on Revenue’s website.
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