Annex 1 — payrolling examples for different scenarios.
HMRC has published draft guidance and examples for payrolling benefits in kind, including medical benefits, accommodation, loans, and classic cars. This guidance affects employers who payroll benefits through real-time information. From April 2027, the method for determining the market value of classic cars for tax purposes will change to the beginning of the tax year or the date the vehicle is first made available to the employee.
Source: https://www.gov.uk/guidance/draft-guidance-and-legislation-to-aid-preparation-for-reporting-benefits-in-kind-in-real-time/annex-1-payrolling-examples-for-different-scenarios. Summarised automatically from the official source — general information, not advice.