Mandatory Payrolling All Benefits In Kind – The End Of P11Ds [On demand]

Aired 14 March 2024

Host: Michael Nicolaides

Presenters: Kym Wise, Alex Ali Marks

HMRC have announced that employers will have to process all benefits in kind through the payroll from April 2026. For most employers, this will require a major transformation project with implications for many stakeholders involved in employee benefit provision and reporting. What should your organisation be looking at to prepare for this major change? We’ll discuss:

• HMRC’s announcement: what we know (and what’s still unknown) 
• The challenges mandatory payrolling will bring when dealing with particular employee populations (e.g. internationally mobile), certain benefit categories (e.g. loans) and at certain points in time (e.g. new employees) 
• How moving to mandatory payrolling will affect employees’ tax codes and the tax they pay in real time 
• Putting together a roadmap that fits your organisation’s needs, including which stakeholders to engage when 
• Our practical experience to date helping employers move to voluntary payrolling 

Keep up-to-date with mandatory payrolling.