Payrolling Benefits

From April 2016 four key benefits provided to employees will be able to be reported and taxed through the payroll process without the need to complete P11Ds as well. The four to be allowed are;

Company Cars

Company Fuel

Private Medical Insurance

Subscriptions (such as gym membership)

To take advantage of this you must register your intention with HMRC (registration process should be available later this month). Without registration the benefits would need to be reported on P11Ds in addition to payrolling.