Accounting by Computer
Sage Accounting and Payroll

March 2022 – New Payroll v28 & Payroll Year End

Posted on 09/03/2022 | in Accounting News | by

March 2022

Helpful Hints

Sage Business Systems

 

Payroll Year End – New v28 Payroll

New items that Sage Payroll incorporates:

  1. Easier access to Sage Q & A Weblinks from the software.
  2. In previous years, if you needed to notify HMRC of a Previous Year Update it was actioned using an Earlier Year Update (EYU). They are no longer available, it is replaced by a process via the software.
  3. The New Student Loan Plans are incorporated in the software.
  4. A new look Help Centre.

Payroll Year End Processing.

  1. Some clients like me to assist with Payroll Year Ends. In view of the short time ahead, book asap if you haven’t already.
  2. The last day of the 2021/22 tax year is 5 April.
  3. The deadline for submitting the Year End data is 19 April.  You will be submitting your FPS (Final Payroll Summary) through your payroll system on the last payroll run.   If you have to make any amendments use the EPS.
  4. This is also the date for the last payment of Tax and National Insurance for the 2021/22 Tax Year.
  5. P60s will still be issued to employees who were on the Payroll on 5th April; this must be done by 31 May. The software incorporates a form with full printing, so there is no need to obtain a supply of forms. There is also the option to send P60s by email, but, of course, you will need to enter email addresses in your employee’s record.
  6. P11d Returns must be submitted for Expenses/Benefits by 6 July.Payment of Class 1A NI on Benefits must be made by 19 July or 22 July if you pay by BACS

 

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