Total Taxable Benefit (BIK)
Based on the detailed you provided, the above is the amount that will be added to the employee's taxable income for the year
Applying BIK correctly through payroll can be more complex, especially with different benefit types and Revenue updates.
Does your organisation struggle with payroll? If your business needs support managing Benefit-in-Kind (BIK) accurately and compliantly within payroll, let’s talk!