Payroll: Annual Reporting and Tasks

Image result for PayrollAs an employer running payroll, you need to:

  • report to HM Revenue and Customs (HMRC) on the previous tax year (which ends on 5 April) and give your employees a P60
  • prepare for the new tax year, which starts on 6 April
  What you need to do   When
Send your final payroll report of the year On or before your employees’ payday
Update employee payroll records From 6 April
Update payroll software From 6 April (or earlier if the software provider asks you to)
Give your employees a P60 By 31 May
Report employee expenses and benefits By 6 July