• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Top notice bar

Call us on 08000 388799

Avanti Tax Accountants HomepageAvanti Tax Accountants

Bookkeeping, Accountancy and Taxation services

  • Home
  • About Us
  • Our Services
    • Bookkeeping & Accountancy
    • Corporation & Personal Tax
    • Payroll & CIS
    • Company Secretarial Bureau
    • Budgeting, Forecasting & Business Valuations
    • Mentoring & Business Coaching
    • Software & Training
  • Our Accountants
  • News & Insights
  • Send An Enquiry
Home » News & Insights » Are You Ready For Payroll Year End?

Are You Ready For Payroll Year End?

Posted on 4th March 2021

The tax year ends 5 April 2021, and this is the date that triggers a raft of payroll compliance activity. Here’s a quick summary of what needs to be done:

  • Although there are only 52 weeks in a calendar year, occasionally, the tax year for payroll purposes extends to 53 weeks. 2020-21 is such a year. If you run a payroll, the last week for 2020-21 is week ending 5 April 2021 (week 53). Note: if you only have monthly paid staff no week 53 will apply and you can process your payroll as normal.
  • You will need to process any leavers during 2020-21 before you submit your Full Payment Submission (FBS) and Employer Payment Summary (EPS).
  • Once processing for April 2021 is completed you can use your payroll software to process year end reports – this needs to be done on or before 19 April 2021.

Payroll chores listed in date order that will need to be completed, including reporting deadlines, are:

  • 31 May 2021 – distribute P60s to staff for 2020-21
  • 6 July 2021 – if you provide any taxable benefits to staff this is the deadline to submit forms P11D and P11D(b) to HMRC.
  • 19 July 2021 – this is that date to pay any Class 1A NIC to HMRC based on reported benefits in kind provided for 2020-21.

And if we look after your payroll, all of these matters will be attended to in consultation with you to ensure returns are sent in on time.

Not happy with your current payroll solution? Call MJB Avanti to discuss your payroll requirements (08000) 388 799

Source: Informanagement

Share this post:

Share on TwitterShare on FacebookShare on LinkedInShare on E-mail

Filed Under: News

Disclaimer:- The information contained herein is given by way of general guidance only and no action should be taken solely on the basis of the information contained herein. The Avanti Group (UK) Ltd will be pleased to provide further guidance on the issues, and how they might affect you. No liability is accepted by the firm for any action taken without seeking appropriate professional advice

Footer

Navigate

  • Find An Accountant
  • About Us
  • News & Insights
  • Privacy Policy
  • Letter Of Engagement

Our Services

  • Software & Training
  • Mentoring & Business Coaching
  • Budgeting, Forecasting & Business Valuations
  • Company Secretarial Bureau
  • Payroll & CIS
  • Corporation & Personal Tax
  • Bookkeeping & Accountancy

Get In Touch

Tel: 08000 388799
Send us an enquiry

  • Facebook
  • Instagram
  • Twitter
Copyright © 2023 Avanti Tax Accountants · All Rights Reserved
Part of The Maurice J Bushell & Co Ltd Franchise (UK) Ltd · Company Reg: 10407313 and The Avanti Group (UK) Ltd · Company Reg: 04635630 · Created by Purple Hippo
  • So we can contact you to discuss your enquiry
  • So a member of our team from your area can contact you
  • By clicking ‘Send Enquiry’ you agree to receive contact from Avanti Tax Accountants using the details given above. We respect your personal information and your privacy and will not share or sell your information to other organisations. Please read our Privacy Policy for more information.
  • This field is for validation purposes and should be left unchanged.