New tax year ahead

Employers running payroll need to report to HM Revenue and Customs (HMRC) on the previous tax year (which ends on 5 April), give their employees a P60 and prepare for the new tax year, which starts on 6 April.

HMRC have published important information for employers on gov.uk, which includes:

• help finishing the tax year 2021 to 2022;
• help starting the new tax year 2022 to 2023, by using their form P9X (2022) to find out which tax codes to change from 6 April 2022;
• information on the rates, limits and changes for 2022 to 2023 (and this includes the increase in National Insurance rates for the 1.25% Health and Social Care Levy); and
• their Employer Bulletin from February 2022 – this edition contains information about sending in the final payroll submission for the tax year 2021 to 2022.

Contact us if you need payroll assistance.