As the financial year comes to an end on 5th April 2016, it’s time to look at the tasks that employers running a payroll need to complete for Her Majesty’s Revenue and Customs (HMRC).  You need to report to HMRC on the previous tax year (which ends on 5 April), give your employees a P60 and prepare for the new tax year, which starts on 6 April 2016

HERE ARE THE 5 ESSENTIAL TASKS AND TIMESCALE:

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
Give your employees a P60	By 31 May
Report employee expenses and benefits	By 6 July

For more information detailed click here

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