On Oct. 30, UK HMRC confirmed plans on reporting of benefits in kind.
UK HMRC issued technical note describing the main changes that will apply to the reporting requirements of employment related benefits in kind from Apr. 6, 2026.
Document dated Oct. 30, 2024, was received on Nov. 27, 2024 due to a fixed feed.
This note provides further clarification for employers, agents, payroll professionals and software providers on plans for mandatory payroll reporting of benefits in kind (BiKs).
The technical note confirms that, from Apr. 2026, it will be mandatory to payroll all benefits in kind except for employment related loans and accommodation.
Payrolling for these two benefits will be introduced on a voluntary basis, also from Apr. 2026; UK GVT will set out the steps on when they will be mandated in due course.
The reporting process for BiKs will be through the Full Payment Submission (FPS).
Same process employers use to report salary and other employee details to HMRC.
