Final submission for the tax year
the final FPS or EPS for the year, submitted by the statutory deadline.
Payroll year-end administration
Closing one tax year and opening the next, on schedule
Year end is a fixed set of tasks against a fixed set of deadlines. It goes wrong when it is left to the same person who is also running the March pay run.
What the service covers
P60 production and distribution
produced for every employee employed at the year end and distributed by the agreed method by the statutory deadline.
Year-end reconciliation
payroll totals reconciled to submitted RTI figures, with any variance identified and reported to you.
New tax year setup
updated tax codes applied, new-year thresholds, rates and bands loaded, pension contribution parameters updated, and the new processing calendar confirmed.
Carry-forward positions
statutory payments in progress, student loan positions and attachment of earnings orders carried into the new year correctly.
Year-end report pack
the annual payroll summary, submission confirmations and the reconciliation, for your records and your accountant's.
What it does not cover
We do not prepare or submit P11D or P11D(b) returns, and we do not advise on the treatment of expenses and benefits. Where benefits are payrolled, we process what you instruct as part of the pay run; the decision about what is reportable and how it is valued sits with you or your accountant.
We do not prepare statutory accounts, corporation tax returns or any other non-payroll filing.
How we charge for this service
Included in the annual fee for clients on managed payroll — there is no separate year-end charge and no surcharge in March. Where year-end administration is taken on its own by an employer running payroll in-house, it is a fixed fee quoted against the number of payrolls and the employee count.
Request a year-end quote