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.

1 answer

Peter Connor Staff May 23, 2016
Public

Hi. I’ll pass this into payroll and they’ll get back to you.

#answer-3369
  1. Peter Connor May 23, 2016
    Hi there,
    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.
  2. accountsanna May 23, 2016
    Thanks John,
    I'll contact you again,once I have all the details to hand, if I have any problems. Thanks

    Regards,
    Sharon

Please login or Register to Submit Answer