Annual payroll compliance

Produced by Tolley in association with

Employment Tax

Guidance

Annual payroll compliance is the natural conclusion of the monthly payroll compliance cycle (see the Monthly payroll compliance guidance note), bringing the tax year to its formal close. This is relatively simple under real time information (RTI) owing to the periodic full payment submissions (FPS) and employer payment summary (EPS) submissions. See the Real time information guidance note.

RTI compliance

FPS

This is the culmination of the payments analysis and monthly FPS reconciliation process. The sum of cumulative figures for tax, NIC and other amounts required (eg CIS deduction and student/postgraduate loans) less statutory payment recoveries is the amount to be paid over to HMRC after taking account of payments already made during the year.

This final payment for the year should be made by the deadline date of 19 April, or 22 April if paying electronically.

As the majority of employers are now subject to RTI, the year-end process for the day-to-day PAYE process

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Vince Ashall

Payroll Consultant & Trainer at VA Payroll Services

Involved in payroll for more years than I care to remember! Initially in the NHS, where i oversaw the development of the NHS's bespoke payroll system (SPS Standard Payroll System), and latterly in the private sector. Served for 13 years as a MNT for a private sector defined benefit pension scheme. Have had articles published in payroll publications and and provide updates for various publishers. Fellow of the CIPP and gained a MSc in Payroll & Business Management in 2002. Now a self employed payroll and pensions consultant

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