US EditionMandatory payrolling of benefits in kind (BiKs) - Grunberg & Co
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Mandatory payrolling of benefits in kind (BiKs) - Grunberg & Co
Benefits in kind (BiKs) are goods and services provided to an employee for free or at greatly reduced costs. Employers are legally obliged to provide their employees details of relevant benefits in kind they have received in a tax year. From April 2026, it will be mandatory to report all BiKs (with the exception of employment related loans and accommodation) in real time via payroll. Here is what you need to know about the new mandatory payrolli…
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