Payroll Year End

The 5th April is approaching fast and with it the Payroll Year End.  P35 End of Year Returns along with all attached forms have to be submitted to the Revenue by 19th May at the latest.

So ...  A few things to remember for the Year End procedures ...

• Almost all returns have to be submitted online this year, so if you are not yet registered to file online, now is the time to do it.
• A P35 must be completed for each company who has employees for whom a P11 is required
• A P14 must be submitted for each employee for whom a P11 is required.
• If you are not required to submit a P35 for the year (and you have a PAYE scheme set up), you must notify HMRC.
• Compare total PAYE & NIC due for the year against the amounts actually paid.
  If a balancing payment is due - this needs to be paid to the Revenue by 19th April
  If a refund is due - an amount of less than £500 will be allocated against the following year.  A refund can be requested for amounts over £500 once the return has been filed and checked.
• A P60 needs to be issued to each employee by 31st May