HMRC has announced that the introduction of mandatory payrolling for benefits in kind (BiKs) and taxable employment expenses will now be implemented from April 2027, rather than the previously planned April 2026 date. This decision follows feedback from external...
For smaller businesses, administering the payroll can be time-consuming, complicated and a distraction for a key staff member from their main job. However, failure to do it properly can put you on the wrong side of the law and could be very expensive. Rather than...
With changes to employer’s National Insurance and the Employment Allowance, now is the time for businesses to review the most tax efficient mix of salary and dividends for directors. From 6 April 2025 the secondary Class 1 National Insurance threshold reduces from...
From April 2026 most benefits in kind (BIKs) will have to be processed through the payroll and included on monthly payslips, with a potential knock-on effect for student loan repayments. The mandatory payrolling of BIKs will be implemented in phases, starting from...
Changes to the company size thresholds from April 2025 will also apply for the purposes of the off-payroll working (OPW) rules. The primary aim of the changes to the company size thresholds was to simplify regulatory requirements and alleviate the administrative...
Many businesses are exploring salary sacrifice schemes as a strategic response to the upcoming increase in National Insurance Contributions (NICs) according to a survey conducted by BDO, involving 500 mid-market companies. Tracy Gill, Payroll Manager at Whitley...
