From 2027, Benefits in Kind (BIK) must be processed through payroll, just like salaries.
TWP Accounting can help you get ready.
In celebration of National Payroll Week this month, we thought this was the ideal time to review your processes and plan for one of the biggest changes on the horizon.
What is changing
- Tax and National Insurance Contributions will be due monthly, not annually
• BIK details will need to appear on employee payslips for full transparency
• Careful planning will be essential to manage cashflow
How TWP can help
- Conduct a payroll health check to map your current BIK processes
• Configure payslip disclosures and payroll software settings
• Design compliant workflows between HR, finance and payroll
• Train your team and provide ongoing outsourced payroll support
For tailored advice or hands-on support, speak to our payroll specialists today.
Request a call back