Advice + Tax + Accounts for smart business owners.
April 25th 2022

End of tax year payroll procedures

A reminder about key end of tax year steps that your payroll team needs to take

As the 2021/22 tax year has now ended, employers need to carry out the following end of year procedures:

  • Provide your employees with their P60 annual summaries by 31 May 2022;
  • Prepare forms P11D for employees’ expenses and benefits by 5 July 2022;
  • Update your employees’ payroll data for 2022/23, in particular their new tax codes; and
  • Update your payroll software for 2022/23 if you haven’t already done so.

Here is a link to the HMRC guidance: Payroll: annual reporting and tasks: Overview - GOV.UK (www.gov.uk).

If it's all too much and you'd rather just outsource your payroll to our experts, call us today for a free consultation.

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