Reporting Benefits in Kind
HMRC have published a policy paper on mandatory real-time payroll reporting of Benefits in Kind. This will be a requirement from April 2026. There are exceptions for employment related loans and accommodation. Reporting of these will be required at a later date and voluntary reporting of these will be available from April 2026. Payroll managers should review the advice. The Government will draft legislation in 2025 and further guidance will follow.
