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Sage UK Payroll – Stage 3 – Get ready for the new tax year

Stage 3: Get ready for the new tax year

 This guide explains how to get ready for the 2023/2024 tax year in Sage 50 Payroll.

This is the final step to completing payroll year end. See all four steps here >

Before processing in the new tax year, follow our simple 4 steps to ensure your software is ready.

1. Check you’re using the correct version

Before you can start processing in the new tax year, you must have installed the update for the 2023/24 tax year.

You can find out how to do this in our quick guide >

2. Update your employees’ tax codes

For the 2023/24 tax year, the personal allowance and emergency tax code remain the same at £12,570 and 1257L.

This means you won’t need to change your employees’ tax codes unless informed by HMRC, however you will need to remove the week 1 / month 1 flag on any employees’ tax codes before processing in the new tax year. Update your employees’ tax codes

3. Small employers’ relief

If you’re eligible for the small employers’ relief, you need to set your software to calculate and claim it. What is Small Employers’ Relief (SER)? >

  1. Click Company then click Settings.
  2. Select the Eligible for Small Employers’ Relief check box.
  3. Click OK.


4. Apply for Employment Allowance

TIP: Make sure your process date is set to 06/04/2023 before completing this.

In the 2023/2024 tax year the employment allowance allows eligible employers to reduce their annual Employers National Insurance liability by up to £5,000.

If you’re eligible to claim employment allowance, you can easily apply to HMRC to claim the employment allowance and keep track of how much you’ve claimed through your software. What is employment allowance? >

5. Pensions Data Exchange

If you use Pensions Data Exchange (PDX) to send pension data to your provider, there are some additional steps to complete at the start of the tax year. Prepare Pensions Data Exchange for the new tax year >

6. New legislation for the 2023/2024 tax year

There are a few changes to legislation in the new tax year. Find out what they are in our handy guide.

Legislation changes for the 2023/2024 tax year >


 Click Here to return to checklist 


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