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Month end check list

Created on  | Last modified on 

Summary

Check off what you need to do for your month end in Sage 50 Payroll.

Description

At the end of each tax month, before you pay HMRC, there are several tasks you should complete:

If you process payroll monthly

Follow these steps each time you run your payroll, once you've finished processing.

If you process payroll weekly, fortnightly or four-weekly

Follow these steps once you've processed the last payroll run for the tax month. You can find the start and end dates for each tax month using the tax week and tax month calendar.

Resolution

Print your P32

The P32 report shows how much you need to pay HMRC for the month. 

The employer payment summary

If you need to submit an employer payment summary (EPS), you should do this at the end of the tax month. You only need to submit an EPS under the following circumstances:

  • If you need to tell HMRC about adjustments to your payments due to statutory payments recovered, NI compensation or CIS deductions suffered.
  • If you need to report apprenticeship levy values.
  • If your liability for the tax period is zero. In this situation you don't need to make a payment and haven't sent an FPS, however you must submit an EPS by the 19th of the following month.

Pay HMRC

You must pay HMRC the amount due by the 22nd of the month, or 19th if you're paying by post.

EXAMPLE:

If you're paying electronically, your payment to HMRC for 6 March to 5 April should be made before 22 April.

If you use e-Banking, you can use the Collector of Taxes wizard to pay HMRC electronically.