Processing Benefit in Kind on Accommodation in BrightPay

To access this utility go to Employees, select the employee in question from the listing and click 'Expenses & Benefits' on the menu toolbar, followed by 'Add' > choose 'Accommodation'

1) Description - enter a description for the accommodation.

2) Base benefits on – select whether the benefit is to be based on property value or monthly rent, and enter the value of this.

3) Value of furniture provided - enter the value of any furniture provided.

4) Start Date - enter the start date of the benefit provided.

5) End Date - enter the end date of the benefit provided if this ceases within the same tax year.

6) Employee contribution - enter any amount made good by the employee directly to the employer towards the cost of providing the accommodation.

7) Click Save to save the Benefit In Kind entry.

The 'Notional Pay' will be added to the employee's gross income each pay period to ensure that the correct PAYE, Universal Social Charge and PRSI are charged. 

Note: If the employee is paying towards the benefit, this can be applied as a net deduction on the employee's payslip.