Balancing the books: navigating New Year payroll challenges
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...
Government mandates real-time reporting of employee benefits
In a significant move to modernise the payroll tax system, the government has confirmed that starting April 2026, employers will be required to report and pay income tax and Class 1A National Insurance Contributions (NICs) on most benefits in kind (BiKs) through...
Whitley Stimpson unpacks payroll shifts following the budget
Payroll expert at accountants and business advisers Whitley Stimpson provides an update following the budget outlining the changes to employers’ costs relating to national insurance and the increase in the national living wage. In a significant move, the government...
Employers warned payrolling of benefits is to become mandatory
Whitley Stimpson are forewarning employers that they will be required to report and pay income tax and Class 1A National Insurance Contributions (NIC) on benefits in kind through payroll.
Mandatory payrolling of benefits
The reporting and paying of income tax and Class 1A national insurance contributions on benefits in kind is to be made mandatory via payroll software from April 2026.