As businesses prepare for the changes to payrolling Benefits in Kind (BiK), it’s essential to stay ahead of the curve to ensure compliance.
The rules surrounding payrolling BiK will be crucial for businesses from 2027, and understanding the process early will save time, reduce errors, and help avoid unnecessary stress down the line.
Payrolling BiK allows employers to report the value of benefits provided to employees via payroll rather than through annual P11D forms.
This change means tax and National Insurance contributions (NICs) are calculated on a monthly basis, making the system more streamlined and transparent.
However, it’s not as simple as just adding BiK details to your payroll. There are several nuances that businesses need to address, such as the treatment of specific benefits, new reporting requirements and software configurations.
How can we help?
We understand how complex these changes can be. That’s why we’ve put together a comprehensive guide on Payrolling BiK, walking you through the new system and helping you prepare for the transition.
Our guide covers:
- The key changes to payrolling BiK
- What businesses need to do to stay compliant
- Step-by-step guidance for updating your payroll system
- Advice on the necessary software and digital workflows
We recommend downloading the guide today to start planning for the transition in the year ahead: Download your free guide
Visit Our Payrolling BiK Landing Page
To further support you, we’ve created a dedicated landing page with all the information you need to manage the payrolling process and ensure compliance.
Whether you’re seeking technical advice or want to discuss how the changes will impact your payroll system, our experts are here to help. Visit our Payrolling BiK landing page for more detailed resources, expert advice, and to get in touch with our team for personalised support.