I think I know the answer is no, but just asking to make sure...
Client went ahead and set up a Medical Insurance deal for H&W, paid for out of the company. So all in company name etc. They didn't appreciate the BIK implications and marginal (if any) tax savings.
If I book these costs direct to DLA will it avoid triggering a BIK? - don't really want to go down the BIK route as there is no PAYE scheme in place, so bit of an admin pain that could be avoided if I can go down the DLA route. Or is the only alternative to cease the scheme and then set it up using personal funds? NB I am assuming we need to set up a PAYE scheme in order to deal with the P11ds.
If anyone has any thoughts, it would be much appreciated.
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Why no?
See the answer to the previous question about the car. Not sure if that is also you as its anon.
Clue: the tax on this is different to cars as the BIK is the cost, not a different value.