HMRC has published the 2023/24 versions of its CWG5 Booklet which provides guidance for employers on reporting and paying NICs on benefits in kind, including where the employer is payrolling benefits in kind.
Although there are no material changes to the Booklet, the revised version retains the section covering the 2022 NICS rate changes, including a worked example of how this affects the calculation of Class 1A NICs for 2022/23.
HMRC has published the 2023/24 versions of its CWG5 Booklet which provides guidance for employers on reporting and paying NICs on benefits in kind, including where the employer is payrolling benefits in kind.
Although there are no material changes to the Booklet, the revised version retains the section covering the 2022 NICS rate changes, including a worked example of how this affects the calculation of Class 1A NICs for 2022/23.
