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Mandatory Payrolling of Benefits in Kind Delayed by HMRC - Rotherham Taylor Chartered Accountants

Summary by Rotherham Taylor Chartered Accountants
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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If you have a restaurant ticket, a car or a work phone or a private health insurance your company is likely to be paying you in kind, although it is most likely that you will know it as pay in kind. Payments in kind are a way for the company to pay the worker for the goods or services offered by the company, which the worker can enjoy at no cost to him or at a low price compared to the market. When offering this salary in kind, there are two mai…

·Madrid, Spain
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Rotherham Taylor Chartered Accountants broke the news in on Tuesday, June 3, 2025.
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