Configuring your system to handle payroll benefits involves setting up the parameters and calculations necessary for accurately processing employee benefits, such as health insurance, retirement contributions, and other perks. This setup is essential to ensure that benefits are administered correctly and comply with legal regulations.
To learn how to set up payrolling car benefits, watch the video or follow the steps below in portal.
📌Note: If you intend to payroll benefits including car BIK, you need to register your intention to do so with HMRC prior to the start of the new tax year.
Configure parameters
To configure the parameters, follow the steps below.
Click Settings, then click General.
Click RTI then to return the car BIK details via payroll, turn on the Return Car Details from Payroll toggle.
The car audit start date automatically populates with the start of the tax year.You can manually overwrite this if needed.
📌Note: Any changes you make to the car BIK on or after this date is reported to HMRC via the RTI FPS.
If you use the car portal admin centre for payrolling car benefits, turn on the Car Portal Admin Centre toggle.
Click Save then from the Select Detail drop-down list, select Payment Pay Codes.
For any pay codes used to payroll benefits, enable the BIK car pay code toggle
Click Save.
Maintain Benefit Parameters
To maintain the benefit parameters, follow the steps below.
From the dashboard menu, click Administrator Dashboard.
Click Site Manager then click Settings.
Search for each parameter:
cp_van_cash_benefit
cp_van_fuel_benefit
cp_p11d_fuel_benefit
To edit a value, click the three dot icon then click Edit.
Amend the value then click OK.
For further guidance, check the benefit management guide.