Ian Guider: Proposed Benefit-in-Kind changes were all stick and no carrot
How did the government overlook the fact that hiking BIK during a cost of living crisis would cause further financial difficulty to workers and to businesses with large vehicle fleets?
It’s been a packed week of major government events and announcements. Lost amid the ending of the eviction ban, the extension of the Dart, a new primary school curriculum and a referendum on gender equality was news of a partial U-turn by the Department of Finance.
Buried in the weeds was the announcement by Michael McGrath, the Minister for Finance, that recently introduced changes to the Benefit-in-Kind (BIK) treatment of company cars for employees would ...