What Is Payroll Year-End?

Payroll year-end is the process of finalising your payroll records for the tax year and submitting the necessary reports to HMRC. This includes reconciling employee records, submitting the final Full Payment Submission (FPS), and preparing for the new tax year.

Key Payroll Year-End Tasks

To stay compliant and organised, here’s what you need to do:

✔ Submit Your Final FPS – Ensure that all payroll data for the current tax year is reported correctly to HMRC. ✔ Provide P60s to Employees – By 31st May, all employees must receive a P60 summarising their total pay and deductions for the year. ✔ Review Payroll Records – Check for errors or discrepancies in employee details, tax codes, and National Insurance contributions. ✔ Report Employee Benefits (If Applicable) – If you provide benefits like company cars or medical insurance, ensure these are recorded correctly. ✔ Prepare for the New Tax Year – Update tax codes, review National Minimum Wage changes, and adjust employee salaries if necessary.

How Fosse Bookkeeping & Accounting Can Help

At Fosse Bookkeeping & Accounting, we take the hassle out of payroll year-end by handling everything for you. Our expert payroll services include:

✅ Payroll Compliance Checks – Ensuring your records are accurate and up to HMRC standards. 

✅ Timely FPS & EPS Submissions – Avoiding penalties by ensuring all reports are submitted on time. ✅ P60 Distribution – We’ll generate and distribute P60s to your employees efficiently. 

✅ Payroll Software & HMRC Integration – Helping you stay up to date with digital payroll processing. 

✅ Ongoing Payroll Support – From tax code changes to employee queries, we’ve got you covered.

Get Payroll Year-End Ready with Fosse Bookkeeping & Accounting

Don’t let payroll year-end become a last-minute scramble. We’ll handle the details, so you can focus on running your business.

Email: billie@fosseaccounting.com

Tel: 07464 491 396