Hi Folks, I am paying an employee and want to add BIK to the deductions box. I was wondering if I do this will this deduction be calculated in my return to Revenue automatically? Thanks for your help.
Hi Folks, I am paying an employee and want to add BIK to the deductions box. I was wondering if I do this will this deduction be calculated in my return to Revenue automatically? Thanks for your help.
You can define a payroll addition to define the type of BIK and what tax it attracts. You can use that addition when paying employees and it will automatically be included in the payslip and revenue return.
John.
I'll contact you again,once I have all the details to hand, if I have any problems. Thanks
Regards,
Sharon