This month we are focusing on Payroll Year End & P11d – This week we are looking at Payroll Yr End Basics
So you have payroll during the year, this will be for any employees that you make a payment to – whether they are weekly, fortnightly, monthly – or whether they are permanent, temporary or casual workers.
With Real Time Information (RTI) when you make a payment, this is declared to HMRC.
However at the end of the year you send a final roundup submission to HMRC reporting on the previous tax year (which ends 5th April ) and give your employees a P60 confirming the payments made to them and any deductions.
Then you are ready to start the new tax year.
If you know someone we can help with our payroll bureau service, do get them to give us a call 01473 558866