Benefit in Kind

Benefits-in-kind, such as private use of a company car, free or subsidised accommodation and preferential loans, received from an employer, by an employee whose total remuneration (including benefits-in-kind) is €1,905 or more in a tax year, are taxable (subject to certain exceptions).

Where the employee receiving such benefits is a director of the company concerned, the benefits are taxable regardless of the level of remuneration. The liability to tax also applies in respect of benefits provided by an employer for a member or members of an employee's family or household.

In addition, employees and directors are chargeable to tax in respect of 'perquisites' from their employment, that is, remuneration in non-money form which is convertible into money or money's worth, for example vouchers in various forms, the payment of club subscriptions and medical insurance premiums on an employee's behalf.

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