Payrolling Benefits in Kind webinar

Our latest webinar regarding the change to Payrolling Benefits in Kind (BIK), which becomes mandatory in April 2026 for the 2026/27 tax year, is now available on demand.

This is a major change for payroll so, before April 2026, employers will need to consider:

• Checking that their current payroll software has all the functionality to payroll benefits and familiarise themselves with the evolving guidance issued by HMRC.
• Consider what is required for the registration process and prepare a timeline for educating their employees on the changes.
• Issue communications to the employees, including the impact on their net income.
• Employers should also be aware that benefit data and information must be accurate, as errors when reporting could result in the wrong amount of tax being paid and, in the future it could also lead to penalties from HMRC.

Registration by 5 April 2025, for the 2025/26 tax year, is the final opportunity to get ahead of the game.

Our critical update, delivered by our payroll team outlined what is required and discussed why employers should consider registering before it all becomes mandatory. During the webinar, we answered key questions that were submitted ahead of the webinar, and provided a comprehensive overview of the changes.

Our team can help with the registration process, the employee communications and payrolling the BIK’s. Therefore, if you need any help or support from us, please get in touch.