ivorystraws
Registered User
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I currently am attempting to claim taxback. I've been successful so far but on the issue of Private Health Insurance (namely VHI), I've hit a stumbling block.
My employer pays for my private health insurance on my behalf. So I understand that it will be taxed as a benefit in kind and I am entitled to claim a tax credit equal to 20% of the gross amount. However, my payslips indicate that my BIK is 0. I contacted the revenue and they asked me to send in my payslips as I may owe the revenue tax!
So I'm confused? Do I owe tax? Am I missing something? I doubt my employer is incorrect as they employ a payroll services company.
I have read other topics on BIK on the revenues and this site but can anyone quickly clarify what I'm missing or misunderstanding please?
My employer pays for my private health insurance on my behalf. So I understand that it will be taxed as a benefit in kind and I am entitled to claim a tax credit equal to 20% of the gross amount. However, my payslips indicate that my BIK is 0. I contacted the revenue and they asked me to send in my payslips as I may owe the revenue tax!
So I'm confused? Do I owe tax? Am I missing something? I doubt my employer is incorrect as they employ a payroll services company.
I have read other topics on BIK on the revenues and this site but can anyone quickly clarify what I'm missing or misunderstanding please?