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Businesses reminded over final payment submissions

 

Newsletter issue – March 2025

HMRC is reminding business they need to be thinking about final preparations for their last Full Payment Submission (FPS) or Employer Payment Summary (EPS) of the year.

These need to be sent on or before an employees' last payday of the tax year which ends on 5 April 2025 and must state that the business is making its final submission.

In an update for companies across the UK, HMRC officials stated: 'This tells us you have sent us everything you expected to send, and we can finalise our records for you and your employees.

'Some commercial payroll software will not let you put the indicator on an FPS. If that is the case, send your last FPS and then send an EPS with the indicator ticked. You can also send an EPS with the indicator ticked if you forgot to put the indicator on your last FPS submission for the tax year.'

Businesses have also been reminded about obligations for P60s. Employees must receive a P60 by 31 May 2025 if they're still on your business's books come 5 April 2025.

 

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Choice Events Limited

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FT leisure Ltd

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Fredrick Thomas Electrical and Maintenance

We have used Beauchamp Charles since company formation back in 1998. Beauchamp Charles offers us a one to one service as they are small enough to offer this dedicated service and large enough to do the work and offer best advice. They get to know us as individuals and a business, always giving sound advice. Frederick Thomas Electrical are in a stronger place thanks to the service we get from them.

Barnes Walker Landscapes Limited

We are a small business and had employed the same accountancy firm for many years. Two years ago we took the decision to switch to Beauchamp Charles after several othe local businesses recommended them very highly to us. We have not been disappointed with the service they have provided to us over these last two years.