11/05/2022
End of tax year payroll procedures
As the 2021/22 tax year has now ended, employers need to carry out the following end of year payroll procedures:
- Provide employees with their P60 annual summaries by 31 May 2022
- Prepare forms P11D for employees’ expenses and benefits by 5 July 2022
- Update employees’ payroll data for 2022/23, in particular their new tax codes
- Update payroll software for 2022/23 if you haven’t already done so
- Ensure you have checked eligibility for Small Employers Relief for the new tax year and that your software is updated
- Check your eligibility for employment allowance and submit an Employer Payment Summary (EPS) after your month 1 payroll to claim the 2022/23 allowance
- Update your software if Apprentice Levy contributions are due and make sure your allowance amount is split correctly if you are part of a group of connected businesses
For more information on payroll services, please contact James Alesbury on 023 8046 1222.
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