What are the advantages and disadvantages of payrolling benefits to your employees? Let’s take a look…..

HMRC first introduced the ability for employers to payroll taxable benefits to employees in 2016.
Payrolling means that any benefits you provide to your employees is treated as cash equivalents, so the necessity of completing a P11D form is no longer required, benefits are in effected ‘payrolled’ into staff salaries and employees pay tax over the tax year each month via their salary versus additional tax having to be paid via employees’ tax codes.
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