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Earlier year updates must reach taxman by 19 May
Employers must now use an earlier year update (EYU) if they still need to send PAYE information for 2013/14 that ought to have been reported via full payment submission (FPS).
The final date for issuing an FPS for 2013/14 was 19 April. Businesses must now report all 2013/14 PAYE information to HMRC by 19 May to avoid a late filing penalty.
EYUs may be available through the employer’s payroll software – or firms can use the taxman’s basic PAYE tools.
An EYU should not give the year-to-date figures, the Revenue has emphasised. The submission should instead provide the difference between the last submission for 2013/14 and the final PAYE details for the tax year.
For example, if the last submission was for month 11 and reported a sum of £1,900 and the final, end-of-year sum for 2013/14 was £2,300, the EYU should show £400, not £2,300.
Employers that have reported all 2013/14 PAYE details but have not told the tax department they have made their final submission can do so by submitting an employer payment summary, indicating it is the “final submission for the tax year” and completing the end-of-year questions and declaration.
