As we approach the deadline for P11D submissions on 6th July, it’s crucial that employers ensure their payroll processes are in order. Failure to submit accurate P11D forms on time can result in penalties and unnecessary stress. At Whitley Stimpson, we help...
As we move into the summer months, there’s one crucial deadline that demands attention before any thoughts of holidays can take hold – 6th July marks the cut-off date for submitting P11D forms. “Every year we see businesses caught out by the P11D...
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...
