Year-To-Date (YTD) and Payslips: Payroll Guide
2nd May '23
Many of you have already closed 2019/20 and have moved on to 2019/21. But for those that are about to do it, here’s a little preview of what to expect.Once you’ve completed all of your payruns, where you’d normally see the button to start the next period you’ll instead see a button to start the year end process.Start Year End ProcessYou’ll have the opportunity to review actions
before anything happens
You’re then taken to a screen to preview the changes that need to be made.
Change Tax Codes
Unlike other years, there isn’t a change to the personal allowance from 2019-20 and 2020-21 so there are no automatic changes to Tax Codes to be made.
If there were any, they’d be listed here.
If you have any Coding Notices for the new year then they’ll be auto-applied as soon as you start your first payrun.
Remove Week1/Month1
If you have any employees with Week1/Month1 flag set, it’ll be automatically removed. The employees this applies to, if any, are listed
Email P60s
If you’ve entered email address for your employees then you’ll have the option to have us automatically email them to everyone for you.
RTI Submissions
If any P11Ds or a P11D(b) is due you’ll be told so and we’ll create them for you.
If you haven’t already submitted an EPS to say you’ve finished your year then we’ll also create that for you.
If you were claiming Employment Allowance then we’ll created an EPS for 2020/21 to claim it again.
Plus, if you were claiming the maximum allowance of £3,000 then we’ll automatically update your settings to use the new maximum claim of £4,000.
All done!
That’s it, you’re all done. Any minimum wage employees will be automatically updated.
No software to download, no manual changes to make. Not so much a ‘process’ as just clicking a button.
You can now start processing payroll for April 2020
Duane Jackson, March 17th, 2020Related Articles
