New Forest

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 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 this, please contact James Alesbury on 023 8046 1222.

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