W WeeFlower Registered User Messages 25 21 Mar 2011 #1 Year VHI Net Premium : €2,302.00 Mthly over 12 Mths = €191.83 VHI Say Gross amount is : €2,302.00 x 1.25 = €2,877.50 Mthly over 12 Mths = €239.79 The Company pay for The VHI Health in full. Which is the €191.83 per Mth DD. Staff member does not pay anything. So, is it the €239.79 that is treated on the monthly payslip as BIK?
Year VHI Net Premium : €2,302.00 Mthly over 12 Mths = €191.83 VHI Say Gross amount is : €2,302.00 x 1.25 = €2,877.50 Mthly over 12 Mths = €239.79 The Company pay for The VHI Health in full. Which is the €191.83 per Mth DD. Staff member does not pay anything. So, is it the €239.79 that is treated on the monthly payslip as BIK?
D DB74 Registered User Messages 1,680 21 Mar 2011 #2 Yes that's correct. The staff member should also have an extra tax credit for 20% of the gross premium
Yes that's correct. The staff member should also have an extra tax credit for 20% of the gross premium