BIK

RuthC120 · 2021-01-17 20:43:20

Quick question: Paying an employee BIK. Ensuring employee gets full benefit of BIK so grossing it up in his salary. For tax purposes this gross BIK is used to calculate his paye etc. Do I include the gross BIK in the P&L a/c? I assume I don't as it is only used to pay additional tax to the revenue but just need some…

17-01-2021 08:43PM

#1

RuthC120

Registered Users, Registered Users 2 Posts: 2 ✭

Join Date: January 2021

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Quick question: Paying an employee BIK. Ensuring employee gets full benefit of BIK so grossing it up in his salary. For tax purposes this gross BIK is used to calculate his paye etc. Do I include the gross BIK in the P&L a/c? I assume I don't as it is only used to pay additional tax to the revenue but just need some reassurance if anyone can help.

Thanks.

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