Blog Post

Happy New Year!

Laura Arbuckle • Mar 08, 2019

We're coming up to the end of the tax year and therefore there are some additional tasks that need to be completed this month to finalise the current tax year and move onto the next. None if it is too taxing (pun intended) but they do need to be completed within the deadlines set by HMRC.

·Complete your last submission as usual

·Confirm that you have made your final submission

·Update your software

·Activate the new tax year

·Enter new tax codes for employees

·Issue P60s to all of your employees

Each piece of software is slightly different so you may find that some of these tasks are either completed in a slightly different way or are not required for your particular software. For example, if you use cloud software to make your submissions, you probably won’t need to download a new version in order to move on to the new tax year. To make things easier, I have put together a worksheet to help you stay on track. It’s mostly based on using Basic PAYE tools (HMRC’s free payroll software) but the principles are the same across other software, you can download it here.

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