Payrolling Benefits - Time to Give it a Try?
Since April 2016, employers and payroll agents have been able to opt to voluntarily tax most benefits in kind through the payroll rather than completing time consuming P11Ds that lead to tax code changes and in turn employee queries.
More than 75,000 employers have moved to payrolling as they like the control that this gives them over an employee’s tax affairs as well as saving time.
Is it time you gave it a try before it becomes mandatory? This webinar is suitable for anyone who operates a UK payroll whether in the UK or overseas.
What You Will Learn
This short webinar will cover the following:
- What is payrolling of benefits?
- Why is it worth trying?
- The registration process
- Operational considerations
- Payroll software changes
- Employee hardship mitigation
- Employee communications
- Year end reporting
- Handling the national insurance impact