Tag Archives: benefit in kind

Why you should consider payrolling benefits in kind

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If you provide staff with benefits in kind, such as company cars, medical insurance etc., you must report these annually to HMRC using forms P11D and P11d(b).  There’s another way to report benefits in kind – this is taxing them monthly through payroll instead. It’s called payrolling benefits in kind. Here are the main advantages […]

What is a Benefit in Kind?

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If you employ people in your business, it’s likely you’ve heard the term “benefit in kind” batted around. It’s defined as… “A benefit in kind is any non-cash benefit of monetary value that you provide for your employee” – But what does that actually mean?  Essentially it’s when a company provides employees with job “perks” […]