End of the Line for P11Ds and the Benefits in Kind: What You Need to Know

End of the line for P11Ds and the Benefits in Kind: what you need to know

Most small business owners will be familiar with Benefits In Kind (BIK), where items such as a company car or private medical insurance are paid for…

How can you prepare for voluntary payrolling of Benefits of Kind?

Many employers offer employee benefits such as company cars or private medical insurance and they are a valuable part of a remuneration package. However, they also bring additional reporting and tax responsibilities for employers and these are set to change. From 6 April 2027, HMRC will require most Benefits in Kind (BiKs) to be reported through payroll in real time and replace the annual P11D reporting process. While the change will become mand…

Mandatory payrolling of benefits in kind (BiK) from 2027

Originally planned for April 2026, the mandatory payrolling of benefits in kind (BiK) is delayed until 6 April 2027. This change marks a major shift away from the traditional P11D/P11D(b)... The post Mandatory payrolling of benefits in kind (BiK) from 2027 appeared first on IRIS.