Asking if a BIK arises or not if YourCo pays for it is showing you have missed a fairly significant point. It's all about what income you are protecting, yours or YourCo's.
Protecting the company from the loss of invoiced income is clearly a CT-deductible cost. It's not a BIK, since you aren't paying anything or receiving anything.
Protecting your income is a BIK, since it benefits you personally and covers costs that are not YourCo's problem, such as your mortgage.
So sorry, but you're confusing YourCo and You. A potentially fatal mistake.
Protecting the company from the loss of invoiced income is clearly a CT-deductible cost. It's not a BIK, since you aren't paying anything or receiving anything.
Protecting your income is a BIK, since it benefits you personally and covers costs that are not YourCo's problem, such as your mortgage.
So sorry, but you're confusing YourCo and You. A potentially fatal mistake.
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