Payroll Legislation

How Do You Manage Payrolling Expenses and Benefits in real-time?

Legislation

How Do You Manage Payrolling Expenses and Benefits in real-time?

Due Date

6 April 2021

Summary

HMRC is encouraging employers to consider payrolling the benefits and expenses they pay to staff.

If you sign up for payrolling now, your employees can pay the tax due on their benefits and expenses when they receive their pay in the tax year 2022 to 2023. You will then be able to show your employee how much tax they have paid for their benefits and expenses on their payslips.

Once you start payrolling you no longer need to submit P11D returns to HMRC for almost all benefits in kind.

You must register for payrolling before 6 April 2022 to be ready for the 2022 to 2023 tax year

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