The UK benefits and expenses reporting landscape is entering a period of significant change. With mandatory payrolling of benefits in kind (PBIK) on the horizon, employers will increasingly need to ensure that taxable benefits are identified and reported in real time as year end corrections through the P11D process will not be available in future.

Year end corrections via payrolling of benefits in kind will also be more time pressured as HMRC lift their soft touch approach. This puts additional pressure on employers to manage benefit provision and fully understand the tax implications and act in a timely fashion.