Payroll
Mandatory payrolling of benefits in kind from April 2027 Mandatory payrolling of most benefits in kind is expected to start from April 2027. That means employers will report most taxable benefits and expenses through payroll in real time, rather than relying on the traditional year-end P11D process. GOV.UK’s interim guidance on mandatory payrolling explains that
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Do I need to register for PAYE?
May 12, 2026Do I need to register for PAYE? You may need to register for PAYE if you employ staff, pay yourself a director’s salary, provide expenses or benefits, or need to report wages and deductions to HMRC. GOV.UK’s PAYE for employers guide explains that employers normally have to operate PAYE as part of payroll to collect
Read More Director Payroll Planning for 2025/26
December 3, 2025Director Payroll Planning for 2025/26: When a Small Salary Still Makes Sense The director of payroll planning has always played a pivotal role in the tax efficiency of owner-managed businesses. With continuing legislative changes, higher operating costs, and a shifting National Insurance landscape, directors of small companies need to review their salary and dividend strategies
Read More Do You Need to Register as an Employer in 2025/26?
November 22, 2025Do You Need to Register as an Employer in 2025/26? Hiring your first employee is a major milestone — but even before you’ve handed out the first payslip, you may need to register as an employer with HMRC. And it’s not just about staff. If you’re a company director, pay yourself a salary, or even
Read More Mandatory Payrolling of Benefits Delayed Until 2027
June 23, 2025Mandatory Payrolling of Benefits Delayed Until 2027 – What Employers Need to Know If your business provides benefits like company cars, medical insurance, or gym memberships to employees, there’s an important update you should be aware of: the government has delayed the start date for mandatory payrolling of benefits in kind. This shift – originally
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Mandatory Payrolling of Benefits-in-Kind from April 2026
March 9, 2025Mandatory Payrolling of Benefits-in-Kind from April 2026: What Employers Need to Know On 16 January 2024, HMRC announced plans to mandate payrolling benefits-in-kind (BIKs), set to begin in tax year 2026/27. After an extended period of uncertainty, the October 2024 Autumn Budget confirmed that this transition will take place in a phased approach, affecting both
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Comprehensive Guide to FPS Reporting: Rules, Exceptions, and Best Practices Submitting the Full Payment Submission (FPS) accurately and on time is a critical obligation for employers managing payroll under HMRC’s Real-Time Information (RTI) framework. While the general rule is straightforward, the festive period introduces nuances and concessions that employers must navigate carefully. Below, we expand
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How to Reward Your Staff
November 29, 2024How to Reward Your Staff with a £50 Voucher Tax-Efficiently At Merranti Accounting, we understand the importance of rewarding your hardworking staff while keeping your business finances in check. One fantastic way to show appreciation to your employees without triggering complex tax implications is through a £50 staff voucher—and yes, there are tax benefits too!
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Understanding and Managing Payroll Taxes
July 3, 2024Understanding and Managing Payroll Taxes Payroll taxes are a critical component of running a business, but they can also be a source of confusion and compliance challenges. Understanding how payroll taxes work and managing them effectively is essential to avoid penalties and ensure your employees are compensated accurately. In this article, we answer common questions
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Benefits-in-kind
January 26, 2024Benefits-in-kind In some cases, an employee can avoid being taxed on a benefit if they ‘make good’ the value of the benefit by reimbursing their employer. There are strict time limits for doing this. All reimbursements of taxable non-payrolled benefits for 2023/24 must be made by 6 July 2024. Which aligns with the date for
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