InPay Year End Guide 2019/20
- Mark Holland (Unlicensed)
In
Contents
HMRC Filing
As was the case last year there is no difference to normal filing of the FPS and EPS except that the Final Submission of Year box should be ticked on whichever return is sent last (this will normally be the month 12 EPS, but may be an FPS if the EPS has been filed early)
Upon ticking the Final Submission of Year, the user is given the opportunity to enter Ceased Date. This SHOULD NOT BE ticked unless the Company has ceased trading.
Pay Periods
In order to commit the last period of the year InPay requires the first period of the following year to be set up in the system. This is done through the Payroll -> Pay Periods screen. It is recommended the Generate button is clicked as this will provide a wizard to create the entire year’s periods, rather than manually setting up each period one at a time
Committing Payroll
Upon commit, InPay will make the additional amendments to records
- Create a new cumulative tax code record from 6 April 2020 for any employee on a wk1\mth1 code
- Remove the Employment Allowance flag, if ticked, from the Company → Details screen *
*From April 2020 Employment Allowance can only be claimed if total qualifying employers’ (secondary) Class 1 NICs liabilities in the tax year before the year of a claim was less than £100,000. Also from April the allowance is to be operated as de minimis State aid.Should the client still be eligible for Employments Allowance they are required to check and where appropriate tick the 5 addition boxes regarding state aid rules. These values will then feed through to the HMRC when the first EPS is created and transmitted.
Tax Codes
Once committed the following tasks are required.*
- Apply any outstanding P6’s received for 2019/20 via the HMRC Data Retrieve screen
- Apply any P9s via the HMRC Data Retrieve screen
*This would normally be a 3 stage process including tax code uplift. However there will be no uplift of codes this year with the default tax code remaining at 1250L.
P60's
Once all a company’s payrolls for 2019/20 have been committed into the 2020/21 tax year, P60s can be run from the Reports page under the Statutory Menu. The report P60 Pre Printed 2019-20 has been added and this can be printed out on plain paper. The P60 is also directly available for the employee to download through their Payslip Portal account
New Rates
All the legislative information for the 2020/21 Tax Year can be found through the Company → Legislative Details screen
