Enter statutory funding detailsTo enter details of funding received from HMRC >- Click Company, then Settings.
- Click the Statutory Funding tab.
- Enter the amount of funding received from HMRC in the relevant period.
- Click OK.
If you've received statutory funding for more than one month, you should enter the value of statutory funding relevant to each month. This typically shouldn't exceed the value of statutory payments paid to your employees in each month.
Statutory funding and the P32The statutory payments paid to your employees still appear on the P32, in the bottom section as normal, and reduce your liability to HMRC. You should add this statutory funding figure back onto the Total Amount Due figure, to repay this to HMRC.  EXAMPLE: View Example >
- If you have £250 in PAYE deductions (tax, student loan and NICs) to pay to HMRC
- You reclaimed £900 in statutory payments
- You receive £700 advance funding from HMRC
- You need to pay £50 to HMRC (£250 - £900 + £700)
Submitting the Employer Payment Summary (EPS)You must still Generate and submit the Employer Payment Summary (EPS) to HMRC as normal, when in receipt of statutory funding. You don't need to amend the EPS figures to account for any statutory funding. You must still report the original figures for any statutory payments paid to your employees, plus how much you can recover normally from the statutory payments. That's it! You've now set up and entered statutory funding from HMRC! [BCB:258:UKI - Personal content block - Paul:ECB] [BCB:92:Limitless - 50 Payroll - PYE:ECB]
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