The end of the 2025/26 tax year will soon be here, which means a few additional tasks to carry out on your payroll, if you run one.
If you run a payroll, you will need to report information on the tax year that is ending to HM Revenue and Customs (HMRC). The tax year ends on 5 April 2026.
You will also need to prepare for the new tax year, which starts on 6 April. HMRC provide the following handy list of tasks that need to be carried out and when.
- Send your final payroll report of the year on or before your employee’s payday.
- Update employee payroll records and payroll software from 6 April.
- Give your employees a P60 by 31 May.
- Report employee expenses and benefits by 6 July.
If you would like help with any of these tasks, please do get in touch. We would be happy to help you!
Many businesses start the year with ambitious sales targets. The problem is that increased sales do not always translate into increased profits.
HMRC is using Playday, the national day for play, to remind working parents about the Tax-Free Childcare scheme, which can help eligible families meet the cost of nurseries, childminders, holiday clubs, breakfast clubs and after-school clubs.
.gif)