Payrolling Benefits In Kind
You can view the new guidance here.
Statutory payrolling of benefits in kind (PBIK) comes into effect on 6 April 2016. Those intending to start or continue payrolling benefits and expenses in the 2016-2017 tax year must register with the PBIK service before that date.
Using the PBIK service will negate the need to report benefits and expenses on a P11D, with the exception of vouchers and credit cards, living accommodation and interest-free and low-interest (beneficial) loans.
Those who have previously payrolled these benefits informally can continue to do so but must still report them on a P11D. Employers must register before 5th April and inform employees of the changes. Full details on the employers responsibilities can be found here.
Payrolling Benefits in Kind – Highland Payroll Services