TAG Tax

All employers must report any taxable benefits provided to employees during the year ending 5 April 2025 (unless exempt under the payrolling taxable benefits and expenses online service) to HMRC by 6 July 2025.

If your business has provided taxable benefits and requires assistance with reporting, or if you’re unsure about your obligations, please get in touch.

Examples of taxable benefits (but not limited to) include:

• Company cars fuel
• Private medical insurance
• Interest-free or low-interest loans
• Gifts or vouchers
• Living accommodation

Payrolling of Benefits
HMRC previously announced that payrolling benefits would become mandatory for all employers from April 2026; however, this has now been postponed to April 2027.
It is still possible to opt in early to ensure that all systems are fully compliant by April 2027 and ensure a smooth transition.

Please get in touch should you wish to discuss or require further information.