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Some employers may offer employees flexible benefits via a dedicated platform. This way, employees can choose the benefits that will serve them best by using a benefit platform, such as Thanks Ben, Juno or one of the many others available.
How to report the benefits
It is likely that the benefits resulting from these services will need to be declared to HMRC as a benefit in kind.
Depending on how you currently report your benefits, they can either be included in a P11D after the tax year has ended, or be submitted in real time via the payroll.
If you need more information on understanding different ways of reporting benefits, head to our article on Guide to Benefits in Kind.
What needs to be reported?
The amount the employer pays for the platform per employee is the value that needs reported as the benefit in kind.
If Class 1A National Insurance Contributions need to be paid for certain benefits, then a P11D(b) form must also be submitted.
If you would like to understand more the reporting requirements for different benefit categories, our help centre has a section explaining all the Benefits in Kind.