HMRC has released draft interim guidance and legislation to help employers prepare for mandatory real-time reporting of benefits in kind and expenses through payroll software starting April 2027. The new requirement will shift how companies report BiKs and expenses, moving from historical reporting to a system integrated with payroll processing. This change affects all employers providing benefits in kind to employees and requires advance planning to ensure payroll systems can accommodate the reporting obligations within the specified timeframe.
Source: HMRC (GOV.UK) – Read the original