Ian Holloway discusses the October 2024 Autumn Budget confirmation consigning forms P11D and P11D(b) to the legacy dustbin – Almost.
On 16 January 2024, there was a HMRC ‘simplification update' announcing the mandation of payrolling benefits-in-kind (BIKs) from tax year 2026/27.
Example: Payrolling of medical benefit
The payroll department is advised that Roger has a medical benefit of £3,000 per year.
He is paid monthly, so to account for the income tax and Class 1A National Insurance contributions (NICs), £250 is processed as a notional payment each month
HMRC held meetings with representative bodies; silence
