HMRC has released the updated rates and thresholds that employers must apply when processing payroll and providing expenses and benefits to staff for the 2026-27 tax year. These figures are essential for accurate payroll administration and determining the tax treatment of employee benefits and allowances. Employers should implement these revised rates in their payroll systems from the start of the new tax year to ensure compliance with current tax legislation.
Source: HMRC (GOV.UK) – Read the original