Making good deadlines on (non-payrolled) benefits in kind
21 March 2017
As from 6 April 2017 and from the 2017 to 2018 tax year, the latest date for making good for all non-payrolled benefits, other than beneficial loans, is 6 July following the end of the tax year in which the benefit is provided if the amount made good is to be taken into account for tax and NIC purposes.
Consequential amendments will be required to sections in the Employment Income Manual where there are references to making good and these have not yet been listed in the latest update provided on GOV.UK regarding alignment of dates for making good.
If you have any comments, or queries, on this draft guidance please contact Employment income policy team.
The guidance for making good will be finalised and published in the Employment Income Manual following Royal Assent of Finance Bill 2017.