As the payroll year end draws closer we have listed some of the key dates for information to be submitted to HMRC and reports sent to employees.
19th April 2018- Final EPS
By the 19th of April all RTI submissions for the tax year 2017-2018 must have been submitted to HMRC, this includes FPS re-submissions and amendments as well as your final EPS submission.
What happens if you miss the deadline?
HMRC will not accept any FPS submissions after the 19th April. If you miss the deadline and need to submit pay information to HMRC for the 2017/2018 tax year an earlier year update will need to be completed.
31st May 2018- P60
By the 31st May all employees who are working for you on the last day on the tax year (5th April) must be issued a P60, this can be sent electronically or as a paper version. The P60 summarises an employees total pay and deductions for the year.
6th July 2018- P11D and P11D(b)
The P11D and P11D(b) should be submitted to HMRC by 6th July. The P11D contains information of any expense payments, benefits and facilities provided to employees or Directors. The P11D(b) is used to inform HMRC of the amount of class 1A National Insurance Contributions due on expenses and benefits an employer has provided for their employees. Each employee that has had a benefit reported on a P11D should be provided with a copy by 6th July.
If you’re still not sure or don’t feel comfortable RollPay provide a complete P11D service.
Contact us today for an informal chat on 0800 1310131 or email sales@rollpay.co.uk