HMRC recently published a summary of the benefits in kind paid by employers for the 2014-15 and 2015-16 (provisional figures) tax years.
In the 2014-15 tax year a total of 3.69 million taxpayers received benefits in kind from their employers at a total value of £7.6 billion. The highest value benefits were made up of cars, car fuel and private healthcare and dental plans. Figures for the following tax year, 2015-16, provisionally show an increase in the number of BIK recipients to 3.76 million and an increase in value to £8 billion. The £400 million increase in value attributable to the doubling in the rise of the company car tax percentage over the previous year.
Broken down into categories the benefits provided in 2014-15 were as follows:
Total recipients : 3,690,000
Total taxable value: £7,630,000,000 (Average £2,060)
| Category | Recipients | Taxable Value | Average Taxable Value |
|---|---|---|---|
| Car | 950,000 (26% of recipients) | £3,950,000,000 (52% of total value) | £4,150 |
| Car fuel | 190,000 (5% of recipients) | £720,000,000 (9% of total value) | £3,690 |
| Private healthcare & dental | 2,350,000 (64% of recipients) | £1,790,000,000 (24% of total value) | £760 |
| Employee Loans | 100,000 (3% of recipients) | £210,000,000 (3% of total value) | £2,130 |
| Excess Mileage Allowance | 250,000 (7% of recipients) | £80,000,000 (1% of total value) | £330 |
| Van | 70,000 (2% of recipients) | £180,000,000 (2% of total value) | £2,550 |
| Van Fuel | 50,000 (1% of recipients) | £20,000,000 (< 1% of total value) | £490 |
| Services Provided | 60,000 (2% of recipients) | £50,000,000 (1% of total value) | £830 |
| Transferred Assets | 50,000 (1% of recipients) | £20,000,000 (< 1% of total value) | £410 |
| Provided Accomodation | 20,000 (1% of recipients) | £100,000,000 (1% of total value) | £4,410 |
| Payments made on employee's behalf | 20,000 (1% of recipients) | £30,000,000 (< 1% of total value) | £1,480 |
| Other Benefits (Class 1) | 140,000 (4% of recipients) | £140,000,000 (2% of total value) | £960 |
| Other Benefits (Class 1A) | 430,000 (12% of recipients) | £330,000,000 (4% of total value) | £750 |