Payroll year end process

If you discover a mistake after the 15th April covering the previous tax year you will need to preform a Earlier Year Full Payment Submission (FPS).

The guide is divided into the following sections:

Before you complete the final payroll

Do I need to run a week 53 Additional tax year periods which may be needed after week 52 to finish your PAYE tax year. Only applies if running a weekly, 2-weekly or 4-weekly payroll cycle. If the normal repeating pay date falls on the 5th (or 4th for a leap year) of April a week 32, 54 or 56 will be required. The tax calculation for all employees is switched to a week1/month1 basis if these additional periods are needed./54/56?
If you run a weekly, 2-weekly or 4-weekly payroll you might find you need to complete an additional period after week 52 to finish your PAYE PAYE or Pay as you earn is an HM Revenue and Customs’ (HMRC) system to collect Income Tax and National Insurance from employment. tax year.

  1. Issue P45s for employees not being paid.

    HMRC His Majesty's Revenue and Customs is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers. rules state that an employee should be made a leaver upon their final pay. This information is not always known. However, if you are not sure the employee is returning to work, they should be made a leaver on the final payroll of the year. should they return to work, they should be set up as a new employee.

After you complete the final payroll

Pay benefits? You will need to preform a few tasks to continue the benefit into the new year.

  1. Perform a reconciliation.

  2. Check Directors National Insurance (NI) calculation.

  3. Start the year end process.

    The year end process will submit the final FPS Full Payment Submission is an RTI online submission to be sent on or before each payday. This informs HMRC about the payments and deductions for each employee., EPS Employer Payment Summary is an RTI online submission sent monthly if, you are reclaiming statutory payments, claiming Employment Allowance (EA is only reported once per tax year), reporting Construction Industry Scheme (CIS) deductions or reporting how much Apprenticeship Levy is due. The EPS is also used to report if no employees will be paid for a whole tax month or longer. if necessary and generate P60s for employees.

Other tasks

Some other tasks which may need to be completed.

  1. Make corrections to a previous tax year.

  2. Produce P11D working sheets.

  3. Produce duplicate P60s.

Useful information

Support are extremely busy during payroll year end, we want to thank you for your patience.

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