Year-end Process

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Many of you have already closed your tax year 2021/2022 and have moved into the tax year for 2022/2023. If you are still to do this, here’s a preview of what to expect.

1. Once all your pay runs are complete, Start Monthly* Pay Run on the Payroll tab changes to Start Year End Process.
   
   * This will display your relevant pay frequency

2. Select Start Year End Process; this takes you to the Close Tax Year screen, where you can preview changes that will take place.

3. A confirmation message will display, select Close 2021/22 to continue.

4. If a message displays advising you to configure your pay schedule, select it and confirm your First Payment Date. Next, choose an entry from the and then dropdown, and enter the date For the Monthly* payroll ending.
   
   * This will display your relevant pay frequency

5. Select Update.
6. You are now ready to start your first pay run of the 2022/2023 tax year

Change Tax Codes

Unlike other years, there isn’t a change to the personal allowance from 2021-2022 and 2022-2023, so there are no automatic changes to Tax Codes.

If you have any Coding Notices for the new year, they’ll be auto-applied as soon as you start your first payrun.

Remove Week1/Month1

Any employees with the Week1/Month1 flag set will have it automatically removed. The employees this applies to, if any, are listed.

Email P60s

If you’ve entered email addresses for your employees, you can automatically email P60s to them.

RTI Submissions

If P11Ds or a P11D(b) is due, we will inform you and create them for you.

We will also create your EPS to confirm you have finished your year if you have not already sent this.

If you claimed Employment Allowance in 2021/2022, to enable you to claim this again for the 2022/2023 tax year, we then create an EPS to send to HMRC.

If you claimed the maximum Employment Allowance of £4,000, we update your settings automatically to use the new maximum of £5,000.

National Minimum Wage

Finally, any employees on the national minimum wage will be automatically updated.

Anna Stephens, March 31st, 2022

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