WFM UK | Payroll UK: BIK Module - Benefit Statutory Information – Fourth & HotSchedules Customer Success Portal

Overview

The 'Benefit Statutory Information' page provides a read-only reference view of statutory rates, thresholds, and multipliers used in benefit calculations. It is designed to give clear visibility of the values applied for each tax year, supporting accurate calculation across benefit processing. This page is maintained by Fourth and will be updated each tax year as new statutory rates apply to individual benefits, where applicable. The values shown on this page are the ones used by the system when calculating benefits, ensuring calculations reflect the correct statutory figures for the relevant tax year.

This page will be expanded over time. Statutory information will be added once relevant legislation is in force and any corresponding benefit has been enhanced beyond the first iteration within the product.

In its initial release, the page includes Car and Van Fuel multipliers, along with the Van Benefit multiplier, displayed by tax year.

Guidance

To access this page, go to:

BIK > Administration > Benefit Statutory Information

Each applicable value will have its own section ('Car BIK Rates' and 'Car & Van BIK Multipliers' in the Fig.1 example).

The rates that are applicable for the current tax year will be highlighted in red. Values for previous tax years will remain visible to allow for retrospective understanding, as well as future values where attainable.

**Fig.1 - Benefit Statutory Information - Car & Van Applicable Rates, by Tax Year**

To help keep the page clean and organised, each section can be expanded/collapsed as required - see Fig.2.

**Fig.2 - Benefit Statutory Information - Collapsible data containers**

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