Tel : 020 7096 0355

Your UK payroll year end checklist

on . .

UK Payroll year end 2016/17 is on 5th April, so now is a good time to start getting ready. Follow the five-step guide below or register for a free webinar to prepare and avoid any possible mistakes.

Register for webinar –>

Before your final pay run:

1. Check opening balances are correct

Make sure you’ve entered company and employee opening balances so year-to-date figures are correct. Watch this video or read this help page to find out how.

2. Check settings and reconcile payroll

Watch the linked videos to learn how to check your payroll settings and carry out a year end reconciliation

On your final pay run:

3. Process your final pay run

Process final pay runs for all pay calendars, even nil pay runs. Xero will send an EPS (Employer Payment Summary) by the 12 April, and automatically inform HMRC that it’s your final submission of the year.

4. Generate P60s & P11 reports

Only when you’ve taken the steps outlined above, generate your P60s & P11 reports by following these instructions.

5. Set your tax codes, employment allowance & directorship settings for the new tax year

We’ve automatically uplifted employee tax codes ending in L, M, and N for 2017/18. All other codes were carried over from last year and you can manually update them if needed.

Pin It

xero online accounting software, xero online accounting, xero online accountant, xero, cloud computing, accountant london, silverstone partners are business advisors and xero accountants supporting entrepreneurs and small businesses. We're experts in online accounting software and Xero add ons, Silver Level Xero Certified Advisor Partner. Expert Xero Accounting Services, accountancy services london, accountants london, business advisors north london, tax specialists london, tax advisors london, accountants north london, restructuring and insolvency london, financial outsourcing london, corporate tax london, wealth management london, accounting advice London

Tweets by Xero

Our Address

First Floor, 10 Tabernacle Court
16-28 Tabernacle Street
London EC2A 4DD
Tel :  020 7096 0355, Fax : 020 7374 6482
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.