Tag Archives: BIK

A Benefit-In-Kind: Are you clear about what they are and what you need to do about them?

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Benefits-in-kind can feel like a minefield for business owners. In this blog we will tell you what you need to know, what you need to do, and show that it is possible to reward your team for doing a brilliant job without being taxed for it!

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Reduce your employers’ NIC liability and your employees taxable benefits by switching to fully electric vehicles

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If an employee is provided with a car by their employer, tax is payable on the cash equivalent of the of car provided. The cash equivalent of the company car provided is calculated by taking the list price of the car, multiplied by a certain percentage, this percentage depends on the amount of carbon dioxide emitted by the car.

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