Sage 50 UK Payroll – Guide to Payroll Year End 2023/2024
Sage 50 UK Payroll – Guide to Payroll Year End 2023/2024
You can download the complete PDF guide here
You can download the software from here
Payroll Check List
For Detailed instructions please click on each Stage below:
Stage 1: Prepare for Year End
| 1. Install your Year End Software Update | ||
| 2. Paid all your employees for the last time in the 2022/2023 tax year | ||
| 3. Process any leavers who left on or before 5th April 2023 | ||
| 4. Submitted your FPS for the last pay period | ||
| 5. If required, submitted your employer payment summary (EPS) for month 12 | ||
| 6. Backed up your Sage 50 payroll data |
Stage 2: Process Year End
| 1. Set you Process Date | ||
| 2. Choose Tax Year | ||
| 3. Internet Submissions | ||
| 4. Produce P60s | ||
| 5. Backup data | ||
| 6. Complete Year End | ||
| 7. Distribute Year End Returns |
Stage 3: Get ready for the new tax year
| 1. Check you are using the correct version | ||
| 2. Update your employees Tax codes | ||
| 3. Small Employers’ relief | ||
| 4. Apply for Employment Allowance | ||
| 5. Pensions Data Exchange | ||
| 6. New Legislation for the 2023/2024 Tax Year | ||
| 7. 2023/2024 Tax Year Calendar |
