25 March 2014    |    Taxation, Payroll

RTI – Tax year end processes

HM Revenue & Customs RTI filing advice

 

Pay As You Earn

Making your final RTI submission for the 2013-14 tax year

Now that you are reporting PAYE information in real time, you don’t need to send forms P35 and P14 at the end of this tax year.

Instead, just send your real-time PAYE submission as normal and answer a few extra questions. It is very easy to do. This step-by-step guide shows you how.

If you use an agent or payroll bureau you may want to contact them to check whether they have any special procedures for final submissions.

Step 1 – identify your final submission

Step 2 – complete additional questions and declaration on your final Submission

Don’t forget:

Step 3 – send your final submission as normal

Don’t forget:

 


Questions and answers

 

Sent the wrong payroll information for 2013-14?

  • Before 20 April 2014 just correct the year-to-date figure and send an additional submission for 2013-14. Please don’t:
    • include any payments after 5 April 2014
    • complete the additional questions and declaration again.
  • If it is on or after 20 April 2014, you should correct 2013-14 information by sending an Earlier Year Update as soon as possible. Please note that HMRC cannot accept 2013-14 Full Payment Submissions after 19 April.

Don’t forget:

  • An Earlier Year Update should report only the differences to the latest amounts already reported for the tax year. For example, if a figure previously reported as:
    • £1900 should have been £2300, the EYU should show ‘£400’ – not £2300.
    • £1,000 should have been £700, the EYU should report ‘-£300’ – with a minus sign in front – not £700

Forgotten to indicate that that it’s your ‘Final submission for the year’ and complete the additional questions and declaration?

  • If you’ve submitted your final Full Payment Submission, or Employer Payment Summary, for the tax year, but haven’t indicated that this is your ‘Final submission for the tax year’, you can correct this by sending an Employer Payment Summary.
  • Simply indicate that it’s your ‘Final submission for the tax year’ and complete the questions and declaration

If you can’t send an Earlier Year Update or Employer Payment Summary from your software, you can use HMRC’s free BASIC PAYE Tools. For more information go to www.gov.uk/downloadbpt

 

Final submission sent earlier in 2013-14?

  • Even if you confirmed that this was your ‘Final submission for the tax year’ and answered the end of year declarations and questions in an earlier month, you still need to tell us that you haven’t paid anyone in the later tax month to avoid us estimating a charge.
  • So, if you made your final payments to your employees in tax month 10 and indicated on that Full Payment Summary that it was your ‘Final submission for the tax year’ and answered the end-of-year declarations and questions, you must still:
    • send us an Employer Payment Summary by 19 April 2014
    • complete its ‘No payment dates’ or ‘Period of inactivity’ fields to show that you won’t be sending a Full Payment Submission for tax months 11 and 12.
  • Please do not confirm this is the ‘Final submission for the tax year’ if your PAYE scheme has ceased. Instead, you should use the ‘Ceased indicator’, and show the date the PAYE scheme ceased.
    .

 

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