US EditionMandatory payrolling of Benefits in Kind delayed by HMRC - M J Bushell
Summary by M J Bushell
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Mandatory payrolling of Benefits in Kind delayed by HMRC - M J Bushell
The delay to payrolling Benefits in Kind (BIK) to 2027 may seem like a cause of relief for many businesses who are concerned about the extra responsibility the changes will bring, but employers should still prepare for this landmark change. Rather than filing an annual P11D form, the changes to payrolling BIK will force businesses to complete additional admin every month. Though the 2027 deadline may seem far off, it is worth preparing now, as t…
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