Payroll Considerations - Year End

Datafile Software

Payroll Considerations - Year End

Although the system takes a backup of the files at this point you may want to consider keeping a separate copy of your year-end payroll files (to April 5th) under a different company name for reference purposes. Your year-end returns are not needed by the Inland Revenue for a month or two, but your payroll must continue to roll.

At the year-end you need to print off special forms such as the P60/P14, and give end-of-year returns such as the P35. You may also need other reports for pension and other deduction or payment schemes.