Hi
If the company I work for manufacturers an item having a cost of say £3,000, and a retail price of £6,000. Am I correct in saying that if I purchase this item for £3,001 there is no BIK due and it does not need to be shown on my P11D? I would be having the benefit of a much larger discount than given to anyone else but the company is still making a £1 profit.
The item would be used purely for my own benefit and will not be re-sold for profit.
Struggling to find the info in any official tax document that I can show my employers, they think it should be on the P11D and has BIK implications.
If I were to purchase it for £2,500 then I understand BIK would be due on the £500?
Many thanks,
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