IE
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A non-cash benefit taxed as if it were extra pay.
A Benefit in Kind is a benefit provided by an employer (such as a company car or health insurance). Revenue treats the taxable value of that benefit as notional pay, meaning it can increase the Income Tax, USC, and PRSI you owe.
This definition is for informational purposes only and does not constitute tax, legal, or financial advice. Rules may change and outcomes depend on your circumstances.