Is there a list of alowable BIKs? I know of the common ones, medical insurance, gym etc, but can a director pay school fees fro the company account and simply declare them as a BIK, sure this is a director's loan, no ?
Well by paying the tax on the school fees then the director is covering their liability.
Any personal expenses that are paid by the Company could be classed as BIK. So if the director pays €10,000 in school fees and pays the €5,100 through payroll then they have discharged their liabilities.