On this course you will learn:
- Understand the requirements for completing the year-end process
- Adhere to the deadlines for the supply and production of end of year documents
- Update statutory information in the payroll system based on the order of priority
- Apply best practice techniques to overpayment recoveries made through the payroll that span several tax years.
Courses are delivered using the IPPE Online Learning Portal. Once registered for the course, you will be introduced to the topics covered throughout the hour and the course learning outcomes. Learning is achieved via a step-by-step process throughout the module, with a short test at the end of each topic, ensuring you have a full understanding of the course.
The e-learning course guides you through:
The year-end process
- Reconciling end of year values
- Year end reporting
- Correcting errors
- Paying HMRC
Year end documents
- P60
- P11D and P11D(b)
- Annual statement of payrolled benefits
- PAYE settlement agreement submission (PSA1)
Starting a new tax year
- Tax code changes
- National Insurance certificates
- Statutory payment changes
- National Minimum Wage (NMW)
- Automatic enrolment thresholds
- Childcare voucher basic earnings assessments
Other considerations for year-end
- New starters
- Leavers
- TUPE considerations
- Backdated pay awards
- Overpayment recovery
The P11D collection
Every year, employers are responsible for properly reporting all expenses and benefits they provide to employees. This collection of courses will allow you to learn more about this important requirement and ensure that your payroll remains compliant.
