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Support for Payrolling Interest Free and Low Interest Loans in 2027/28?

in Payroll and Global Payroll Interface (GPI)

Summary:

Payroll Processing Option for Interest Free and Low Interest Loans

Content (please ensure you mask any confidential information):

We would like to payroll the taxable benefit for Interest Free and Low Interest Loans. While we understand this is not currently mandatory under HMRC rules, employers can choose to payroll this benefit.

In the Taxable Benefits calculation card, when selecting the Interest Free and Low Interest Loans component, the only available value in the Reporting or Processing field is P11D Reporting.

Are there any plans to introduce a Payroll Processing option for this component ahead of the 2027/28 tax year, to support employers who wish to payroll this benefit?

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