Benefit in kind (BIK) Corrections
Summary
This article explains corrections to Benefit in kind (BIK) due to COVID-19
Description
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If the full annual BIK amount was not processed before 31 December 2020 because of COVID-19 business closures or reductions in pay, Revenue do not require a correction of BIK through your payroll software.
Resolution
No corrections within Sage Payroll are required.
Corrections and adjustments to BIK annual amounts will need to be performed manually on the ROS website.
Revenue will publish instructions on performing BIK corrections for 2020 on their website when finalised.
Solution Properties
- Solution ID
- 201029082057333
- Last Modified Date
- Tue Feb 20 10:36:02 UTC 2024
- Views
- 0