As we approach the tax year-end, employment tax, pension and payroll teams will inevitably focus on employer reporting obligations. But viewing the year-end solely in terms of duties and deadlines – as nothing more than an administrative job to be done – misses an important opportunity. The end of the tax year is the ideal time not only to review the year just gone, but also to plan your approach to future developments. This article summarises key compliance obligations and deadlines, and signposts prospective developments to consider as you think about the year ahead.
A significant change in the reporting of benefits in kind to HMRC is looming on the horizon and the key date for the diary is 6 April 2026 – with the commencement of mandatory payrolling of benefits in kind. The Government has announced that, to simplify and modernise the tax system, payrolling Benefits-in-Kind, which is currently voluntary, will become mandatory from 6 April 2026. HMRC have consulted stakeholders on the details of mandatory payrolling, and draft legislation will be published later this year as part of the tax legislation cycle. You can read more detail on these new rules, and how businesses can prepare, in our earlier article.
