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Payroll year end

Payroll year end has three parts, each of which involves several tasks:

Part 1: Finish processing the tax year

Make sure that you’ve registered with the Government Gateway and that your account is active, so that you can make online submissions to HMRC.

If you process weekly, 2-weekly or 4-weekly payroll on 5 April 2014, you will have an extra pay run to process at the end of the tax year. This extra pay run is commonly known as week 53.

Process the final pay run of 2013/14, submitting the FPS, as well as a monthly/quarterly EPS if necessary.

Set a finish date for any employee who has left your employment during the tax year and whose finish date is not already set.

|When Part 1 tasks are complete, you can immediately begin processing pay in the 2014/15 tax year, which is Part 3 of payroll year end.

But make sure to complete the tasks in Part 2 of payroll year end in time for the relevant HMRC deadlines.|

Part 2: Completing and submitting returns

Confirm that employee P11 pay values for the 2013/14 tax year are correct.

A final EPS submission is required at the end of the tax year. In this submission you answer some declaration questions and confirm your final liabilities.

The deadline for the final EPS submission is 19 April 2014.

You must provide employees with their P60s by 31 May 2014.

Part 3: Start processing pay in the new tax year

When you begin the first pay run of the new tax year, Sage One Payroll prompts you to update employee tax codes.

You can claim small employer relief relief when you are preparing a P32/EPS submission.

In the 2014/15 tax year, most employers are entitled to a £2,000 NI employment allowance. This offsets your employer NI contributions.

You can claim the allowance when you are preparing a P32/EPS submission.

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