Course overview
The taxation of Benefits in Kind (BIK) and the payment of expenses free of tax are some of the most complex issues that Payroll Professionals and employers have to deal with. The rules are confusing, sometimes apparently contradictory and often involve complex calculations, with hidden costs for both employers and employees.
This payroll area assumed greater importance with the introduction of Section 897C in the Finance Act 2022, which mandates employers to report specific expenses or benefits provided to employees and directors.
This programme is fully updated to reflect the latest legislation. The programme will discuss the rules and highlight the opportunities which they present to employers. It will include numerous worked examples which will ensure that delegates obtain a thorough understanding of what is discussed.
Study method
- Online
- Blended
- In-class
Duration study load
- 2 half days
Course features
This programme is updated is fully updated to reflect the Finance Act 2022 which requires employers to report details of certain expenses or benefits made to employees and directors.
The programme is deliberately rigorously practical, packed with real-world examples mirroring the types of scenarios you face day to day in your job.
Each participant will receive a detailed set of course notes, updated to reflect ERR legislation, serving as an invaluable reference document.
Additionally, a 30-day free telephone helpline service is available after the course for further support. Led by a Payroll expert, our training is designed to have an immediate impact.
Assessment
Due to the short nature of the courses, participants are not required to sit exams or complete assignments. Instead, they are encouraged to actively participate and engage to make the most of the interactive and supportive environment provided.
What do I get on successful completion?
Programme participants earn an IPASS Digital Credential, issued electronically on a secure platform, with a link that you can share to verify your credentials. Your digital credential may be added to your LinkedIn profile to demonstrate your achievement to your network as well as recruiters and potential employers searching for individuals with your skills and experience.
Who's it for?
Payroll professionals, Accountants, HR and Finance personnel and anyone responsible for or working in Payroll in Ireland will find this course immensely beneficial.
Subjects
The taxation of Benefits in Kind (BIK) and the payment of expenses free of tax are some of the most complex issues that payroll personnel and employers have to deal with. BIK and the payment of expenses tax-free are common issues in many Revenue compliance interventions and audits.
The training course will discuss the rules and include numerous working examples which will ensure that delegates obtain a thorough understanding of what is discussed.
- BIK valuation rules
- What is notional pay?
- Employer-provided vehicles – cars, vans, motorbikes
- Preferential loans
- Employer-provided accommodation
- Medical Insurance
- Professional Subscriptions
- Staff Discounts
- Small Benefit Exemption and other exempt benefits
- Salary sacrifice for bikes and travel passes
- Tax relief for expenses incurred in employment
- Reimbursement of expenses
- Civil Service motor travel and subsistence rates
- Removal and relocation expenses
- Remote Working
- Reportable Benefits
- Communicating with Revenue
- ERR Submission
- Corrections
About IPASS - Irish Payroll Association
IPASS – Irish Payroll Association is Ireland’s premier provider of Payroll and VAT training and certification.
We specialise in training which covers the operation of PAYE, PRSI, the Universal Social Charge (USC), the operation of Employment Law and the operation of UK PAYE and NIC.
We also provide training in the operation of the Irish VAT system, Relevant Contracts Tax (Subcontractors Tax Regulations), Professional Services Withholding Tax (PSWT) and consultancy services in all of the areas covered by our training courses.
Our Payroll and VAT qualification courses are the only QQI ( Quality Qualifications Ireland ) accredited qualifications in these areas. We operate through a series of classroom-based courses, distance learning courses, online learning, in-house and 1-day courses which are run continuously throughout the year on a nationwide basis.
We represent a cross-section of payroll professionals and businesses from every sector of the economy and we are recognised by both the business community and Government Departments as the leading providers of information and education on payroll-related matters.
