Date posted: 19th May 2025
As we have mentioned on a number of occasions, HMRC are introducing a requirement to submit benefits in kind values via a company’s payroll. (Read more here)
This was originally intended to be introduced from April 2026.
However, to allow employers to prepare for the changes and the payroll software providers more time to ensure that the software is capable, HMRC have delayed the introduction until April 2027.
Businesses still have the option to voluntarily register from April 2026 and some may decide to do so to allow their payroll team to prepare for the changes. HMRC have stated that there will be no penalties for any errors made in the 2027/28 submissions unless it can be evidenced that these are due to deliberate non-compliance.
This means that penalties will be charged from 2028/29 so please do take the opportunity to ensure that your staff are prepared.
For more details on the changes, there is some guidance here.
As ever, we are here to help so please give us a call.
