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Benefit in Kind (BIK's) through Sage Business Cloud Payroll - is it available?
We have a 2 clients on SBCP and they wanted to add BIK's is this possible on this software. If not is there a work around?
If you provide taxable benefits or benefits in kind (BIKs) to your employees, for example, company cars or medical insurance, you need to calculate the cash equivalent of each benefit and calculate any Class 1A NI due on these. You must submit this information…
Sage currently doesn't clearly identify which items on a payslip are payrolled benefits in kind and this frequently confuses staff. Can this been added? Has anyone found a good work around for this?
