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Benefit in Kind....

voodoo · 2003-01-31 17:32:06

Hi all, Just wondered about BIK. Do you have to pay it if you take the car allowance as opposed to the actual car and expenses etc? Regards, Voodoo

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31-01-2003 6:32pm

#1

voodoo

Registered Users Posts: 785 ✭✭✭

Join Date: February 2002

Posts: 571

Hi all,

Just wondered about BIK.

Do you have to pay it if you take the car allowance as opposed to the actual car and expenses etc?

Regards,

Voodoo

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#2 01-02-2003 11:18am
RainyDay

Closed Accounts Posts: 6,925 ✭✭✭

Join Date: May 2002

Posts: 6830

A car allowance is usually taxed as normal income, i.e. 42% for a higher rate taxpayer. So no BIK, just normal income tax.

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