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End of year summary due by 19 April
HMRC’s basic PAYE tools software for the 2014/15 tax year is now available.
It is an update to the existing version of the product, rather than a separate download, meaning employers will be advised automatically when the software update is available, as long as they have the automatic updates functionality switched on and their computer is connected to the internet when they open the tools.
The Revenue recommends that employers do not take the update until:
- they have paid employees for the last time in 2013/14;
- they have completed the final submission for the tax year: the declaration and the answers to the supplementary questions; and
- they have sent all information to the tax department.
The new version of basic PAYE tools allows users to produce P60s for 2013/14, start sending payroll submissions for the 2014/15 tax year, and claim the new National Insurance contributions employment allowance of up to £2,000.
End of year summary due by 19 April: Employers that have made a submission for month 11 or earlier that was confirmed as their final submission for the tax year, and have answered the end-of-year declaration and questions, will still need to submit an employer payment summary for the later month(s) by 19 April 2014 to tell HMRC that they have a period of inactivity or that they have not paid anyone. This will avoid the taxman estimating a charge.
Guidance for employers in respect of end of year tasks can be found on the Revenue’s website.
