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    Join our webinar to find out how Sage 50 can help
  • Sage 50 Enhanced Query Tool Demonstration
  • New Sage Payroll Update v27.1 Released
  • Urgent Notice: TASBooks Reaches End of Life in August 2024!

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

 

 

UK Payroll – What’s new in Sage 50 Payroll v29