It is too late to payroll benefits provided to employees for the current tax year which ends on 5 April 2024, but, there is still time to apply to HMRC in advance of the forthcoming 2024/25 tax year.  Employers wishing to payroll their benefits for the 2024/25 tax year do need to register before 5 April 2024.  If employers miss the deadline then they are unable to payroll benefits until the following tax year.

It is best to be prepared for the changes to payrolling of benefits in kind therefore if you would like to start the process of moving toward payrolling benefits in kind from 5 April 2024, please contact us as soon as possible.

Posted in News.