is it worth accepting medical Insurance as BIK

[Gekko]

Thanks. So if i claim this year for the last four years, how is that tax credit applied? Are they rolled up an applied to 2013?

Each credit is applied the year for which it arises. For example, if your employer paid health insurance of €1,600 for you during 2009 (and treated €2,000 as the BIK), you'd receive a refund of €400 in respect of 2009.

Is there a risk here that you will have to pay the tax on the VHI paid for by your employers in previous years?

GoldDigga seems to be indicating that his/her employer has treated the gross premium as a benefit in kind so no tax underpayment issue should arise.

 

[WindUp]

Thanks Gekko - i was confusing tosullivan's and Golddigga's posts