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Understanding Benefits in Kind Reporting Requirements

Understanding Benefits in Kind Reporting Requirements
Jack Simpson
Written by Jack Simpson
Thursday, 22 June 2017 12:03

A significant, recent regulatory change is that certain benefits in kind are now able to be reported via the payroll.

This is not appropriate for all benefits – moreover, the change will not remove the need for some reporting of class 1A NICs outside of payroll. However, for those benefits that can be dealt with through in-payroll reporting, this offers a clear reporting alternative to P11Ds.

The HMRC registration deadline for being able to take advantage of this – with respect to 2018/19 – is April 2018; the deadline for 2017/18 has now passed.

Dataplan helps it customers to unpick the rules and regulations governing this matter and understand what benefits can and cannot be reported through payroll. To chat to a payroll hero about this area today, please call 03331123456.

Jack Simpson

After completing his studies at the University of Warwick, Jack joined Dataplan in September 2015 as a Graduate Trainee Payroll Professional. Prior to this, he performed a holiday job at FB Wealth Management Limited, Dataplan’s sister company, on four separate occasions.

Outside of work, Jack is a follower of Nottingham Forest Football Club and takes a keen interest in politics and current affairs.

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