Corporate charge cards
Business use only
An employer may provide a business charge card to an employee. If the employee uses the card for business purposes only, this is not a Benefit in Kind (BIK).
Business and private use
An employee may use the card for private purchases and not repay the employer for the cost of those purchases. If this happens, this is a BIK.
The total value of the private purchases are chargeable under the Pay As You Earn (PAYE) system to:
Additionally, the annual fee, interest charges and Stamp Duty should be apportioned between business and private use, as appropriate.