Employers Guide to Benefit-in-kind
With effect from 1 January 2004, PAYE, PRSI and the Health Contribution must be operated by employers in respect of the taxable value of most benefits-in-kind and other non-cash benefits provided by them for their employees.
This guide provides employers (including persons treated as such) with information on the main benefits-in-kind and other non-cash benefits. The guide assists employers in determining -
- the amounts to be taken into account in calculating the PAYE, PRSI and Health Contribution liabilities
- the pay period(s) in which to take such amounts into account
The amounts to be taken into account are referred to as 'taxable benefits' or 'notional pay'.
Use of terms 'employees' and 'PRSI' in this guide
All references in this guide to 'employees' include references to directors unless otherwise stated. In addition, references to 'PRSI' include references to Employers' PRSI and to the Health Contribution.
LoCall number for information or assistance
Should you require any information and assistance in relation to the matters dealt with in this guide please telephone LoCall 1890 25 45 65.
This guide gives practical guidance and is not intended to provide a legal interpretation of the legislation involved.
- Overview of System
- Application of PAYE and PRSI to Benefits
- Valuation of Benefits: General
- Private Use of Company Cars
- Private Use of Company Vans
- Free or Subsidised Accommodation
- Free Use of Assets (other than accommodation, company cars or vans)
- Benefit of Preferential Loans
- Third Party Benefits
- Other Benefits
- Records to be kept – Audit of Records
- Ready Reckoners
- Bus, Train or Ferry Passes
- Rules for Employees in the Motor Industry
- IT54 - Employees' Subsistence Expenses
- IT69 - eWorking and Tax
- Removal/Relocation Expenses (PDF, 264KB) (Extract from Tax Briefing - Issue 31, page 11)