Alignment of dates for ‘making good’ on benefits-in-kind

The government announced at Budget 2016 that the government would consult on proposals to align the dates by which an employee has to make a payment to their employer in return for a benefit-in-kind they receive, in order to ‘make good’.

The consultation explores the scope for aligning the ‘making good’ rules for benefits-in-kind with those which apply to ‘making good’ where the employer accounts for the benefit-in-kind in real time through Pay As You Earn. The aim is to have a simpler and clearer system that makes it easier for employers and employees to understand their obligations.