HMRC have decided that for benefits in kind they will only accept the new informal payrolling arrangements during the 2021 to 2022 tax year.
Before April 2022, employers are expected to register for formal payrolling for the 2022 to 2023 tax year who have their businesses previously an informal payrolling arrangement expected to register for formal payrolling for the 2022 to 2023 tax year.
They must register as per the new norms and also because informal arrangements can only be in place for a maximum of one tax year.
