As we are now in a new tax year, any benefits from the 2024/2025 tax year are now due to be submitted on 6th July 2025.
Please ensure that you let the Payroll department know if you have had any Benefits in Kind which can include company cars, health insurance, accommodation or loans. To get the full list of Benefits in Kind, please click on the following link: https://www.gov.uk/expenses-and-benefits-a-to-z
From 6th April 2027, Benefits in Kind will need to be reported through the payroll rather than through a P11d submission. We are trying to encourage clients to do this from the next tax year to ensure this is all set up before the changes are implemented.
If you have any queries, please email payroll@mphaccountants.co.uk
