Navigating the Changes at Payroll Year End

It’s that time of year again: Payroll Year End 2022 is quickly approaching, but don’t panic – we’ve got you covered in our specially designed live webinar!

Taking place on the 29th March at 1pm we have a host of information to deliver to you covering some of the below and much more. Plus, we will also deliver our handy Payroll Fact Card and supplementary information during the session.

We’ve captured all the Payroll Year End basics and detailed the upcoming legislative changes for 2022 to ensure you have all the information needed to streamline your processes.

What is Payroll Year End?

Payroll Year End is your final submission to HM Revenue and Customs (HMRC), where you send information such as your Full Payment Submissions (FPS) and Employer Payment Submissions (EPS).

Key responsibilities include:

• Reporting to HMRC on the previous tax year (which ends on 5 April)
• Providing employees their P60
• Preparing for the new tax year, which starts on 6 April

Legislative changes for payroll in 2022

Payroll Year End 2022 will bring many legislative changes you need to be aware of; see the upcoming legislative changes below:

• NICs holidays for veterans
• NICs relief in freeports
• Health and Social Care Levy
• New National Insurance category letters
• Employer payment submissions
• 2022 National Living Wage (NLW) and National Minimum Wage (NMW)
• Tax Rates for 2022/2023 England and Northern Ireland
• Tax Rates for 2022/2023 Wales and Scotland
• Student and postgraduate rates for 2022/2023
• National Insurance (NI) rates for 2022/2023
• Statutory payments rates for 2022/2023
• Auto Enrolment and student loans rates for 2022/2023
• ...and many more changes to be announced...

If you need assistance navigating these changes, register for our Payroll Year-End Legislation Webinar to help you navigate these changes with ease.