As the end of the tax year approaches – 5th April 2024 – you will need to make sure that you complete all the tasks required.

As 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

Send your final payroll report

Send your final Full Payment Submission (FPS) on or before your employees’ last payday of the tax year (which ends on 5 April).

Put ‘Yes’ in the ‘Final submission for year’ field (if available) in your payroll software.

If you run more than one payroll under the same PAYE scheme reference (for example for employees you pay weekly and monthly), include the end-of-year information in your last report.

When to send an Employer Payment Summary (EPS)

You should send your final report in an EPS instead of an FPS if any of the following apply:

• you forgot to put ‘Yes’ in the ‘Final submission for year’ field in your last FPS
• your software does not have a ‘Final Submission for year’ field on the FPS
• you did not pay anyone in the final pay period of the tax year
• you sent your final FPS early and you did not pay anyone for one or more full tax months in the last tax year

More information can be found here