Year-end benefit reporting

Produced by a Tolley Employment Tax expert
Employment Tax
Guidance

Year-end benefit reporting

Produced by a Tolley Employment Tax expert
Employment Tax
Guidance
imgtext

In addition to paying employees their basic pay, and other pay-related items such as overtime and bonuses, it is not uncommon for employers to provide benefits and reimburse business expenses. See Simon’s Taxes E4.601.

Unless there is an exemption in the legislation, the value of these benefits and expenses needs to be reported to HMRC by 6 July following the end of the tax year and Class 1A NIC accounted for by the statutory deadline. For 2026/27, employers are able to voluntarily payroll certain benefits if registered in advance of the tax year, but the end of year P11D (b) and class 1A NIC deadlines remain. HMRC has published an interim and draft timetable for mandatory payrolling for specified benefits from 6 April 2027 and most other benefits from 6 April 2028 which will impact how those benefits are reported and the timing of Class 1A NIC payments. Class 1A NIC is an employer-only charge (there is no corresponding employee NIC charge) on benefits and expenses that have not been subject to Class 1 NIC through the

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+™
Powered by Tolley+™
  • 14 Oct 2026 13:35

Popular Articles

Exporting goods ― proof of export

Exporting goods ― proof of exportIn addition to the requirements laid down in the Exporting goods ― overview guidance note, businesses intending to zero-rate exported goods must hold satisfactory evidence that the goods have been delivered to a destination outside of the UK. If satisfactory evidence

15 Dec 2020 14:02 | Produced by Tolley Read more Read more

BPR ― trading and investment businesses

BPR ― trading and investment businessesIntroductionThe basic qualification rules for business property relief (BPR) are illustrated in the Flowchart ― trading or investment business for BPR purposes.For an overview of BPR, see the BPR overview guidance note.Relevant business propertyThe main

14 Jul 2020 15:36 | Produced by Tolley Read more Read more

Short-term business visitors (STBVs)

Short-term business visitors (STBVs)What is a short-term business visitor?An STBV for UK tax purposes is an individual who performs duties for a non-UK employer and as a part of those duties has been asked to spend a short period working in the UK. There is a common misconception that there is

Read more Read more