Accountancy and Book Keeping Services Ltd (ABSL)

Final 2013-14 PAYE
It is important to keep your 2013-14 PAYE up to date. Penalties may apply if you don't submit your final PAYE report for 2013-14 on time.

As an employer, if you operate PAYE (Pay As You Earn) there are a number of important tasks you need to complete around the end of the tax year (5 April).
You must make sure that you submit your final Full Payment Submission (FPS) and/or Employer Payment Summary (EPS) for the final pay period in the tax year. HM Revenue & Customs (HMRC) uses the information that you send to make sure that you and your employees have paid the right amounts of tax, National Insurance contributions (NICs) and student loan deductions for the tax year. The information is also used in the calculation of entitlement to state benefits, tax credits and pensions.

Don’t forget!
Penalties may apply for late submissions ABSL will look after all of your Payroll and RTI filing.