Benefit in kind (BiK)
UK tax glossary · Last reviewed: April 2026
Common benefits include company cars, private health cover, and gym memberships. HMRC assigns a cash value; your tax code is reduced to collect extra tax.
P11D forms report benefits after the tax year for Self Assessment purposes.
TaxHelper provides general information based on published HMRC rates and guidance. It is not regulated financial or tax advice. For decisions involving significant sums, complex circumstances, or if you are unsure, speak to a qualified accountant or HMRC directly.