Budget 2024 Benefit In Kind. Revised target for fiscal deficit estimated at 4.9% of gdp for fy25. The previous government had announced the introduction of mandatory reporting and collection of income tax and class 1a national insurance contributions on benefits in kind (biks) in real.

The highlights of the budget are as follows: As announced at autumn budget 2024, the government will be increasing the van benefit charge and the car and van fuel benefit charges using the september 2024 consumer.