A summary of the payroll filing obligations for 2021/22
We are a matter of days from the end of yet another tax year and this requires employers that look after their own payroll to complete a number of filing tasks.
Send your final payment report to HMRC
On or before your employees last pay day (before the end of the tax year 5 April 2022) send your final Full Payment Submission (FPS).
Update your employee payroll records
For each employee working for you on 6 April, you will need to:
- prepare a payroll record
- identify the correct tax code to use in the new tax year
- enter their tax code in your payroll software
You should include in your payroll:
- all employees you pay in the tax year, no matter how much you pay them
- any employee who has worked for you in the current tax year (since 6 April) even if they have already left
Update your payroll software
Follow the instructions issued by your payroll software provider.
If you are using a recent version of HMRC’s Basic PAYE Tools (version 14.2.14330.88 or later) should update automatically.
Give your employees a P60
You must give all employees who were working for you on the last day of the present tax year, 5 April 2022, a copy of their pay and tax details, using form P60. You must do this on or before 31 May 2022.
Report expenses and benefits
Use your payroll software to report expenses and benefits – if it has this feature – this task must be completed on or before 6 July 2022.
The total benefits provided will be the basis of any Class 1A National Insurance Contributions due for 2021-22. This must be paid to HMRC by 22 July 2022 (or the 19 July 2022 if you send payment by post).
We can help
If you need help with any of these year end chores we can help.
And as we are about to start a new tax year this may be an opportune moment to outsource your payroll. Please call if you would like a quote.