UK Payroll Year-End 2024/25: Key Deadlines & How JSB Accountants Can Help
As the 2024/25 tax year comes to a close, employers across the UK must prepare for one of the most important periods in the payroll calendar. Year-end reporting is more than just administration, it’s a legal obligation that ensures your business remains compliant with HM Revenue & Customs (HMRC) requirements.
Two critical deadlines in April and May 2025 require careful planning and accurate reporting. Here’s what you need to know, and how JSB Accountants can support you.
📅 19 April 2025 – Final Full Payment Submission (FPS)
By 19 April 2025, employers must submit their final Full Payment Submission (FPS) for the 2024/25 tax year.
Under Real Time Information (RTI), employers report payroll data each time employees are paid. However, your final FPS confirms that all payments made up to 5 April 2025 have been accurately reported.
Your Final FPS Must Include:
Employee pay and deductions
Income Tax and National Insurance contributions
Student loan repayments
Statutory payments (SMP, SSP, etc.)
Confirmation that this is your final submission for the tax year
Missing the deadline or submitting incorrect information can lead to penalties and unnecessary HMRC enquiries.
📅 31 May 2025 – P60 Deadline
By 31 May 2025, employers must issue P60s to all employees who were on the payroll on 5 April 2025.
A P60 summarises an employee’s total pay and deductions for the tax year. It is an essential document used for:
Mortgage applications
Loan approvals
Rental agreements
Self-assessment tax returns
Proof of income requests
P60s must be accurate and issued on time, either in paper format or electronically (provided employees can access and print them).
Common Year-End Challenges
Many businesses experience difficulties at year-end, including:
Payroll figures not reconciling
Incorrect employee details
Missed leaver processing
Last-minute submission stress
Uncertainty around final declarations
These issues can delay submissions and increase the risk of penalties.
How JSB Accountants Can Help
Year-end doesn’t have to be stressful. JSB Accountants provide professional payroll support to ensure your obligations are met accurately and on time.
✔ Year-End Payroll Review
We reconcile your payroll records, identify discrepancies, and ensure all data is correct before submission.
✔ Final FPS Submission
We prepare and submit your final FPS, confirming compliance and reducing the risk of penalties.
✔ P60 Preparation & Distribution
We generate compliant P60s for all eligible employees and ensure they are issued securely before the 31 May deadline.
✔ Ongoing Payroll Management
Beyond year-end, we offer:
Weekly or monthly payroll processing
PAYE and National Insurance calculations
Statutory pay administration
Pension auto-enrolment support
Handling of HMRC correspondence
Why Outsource Your Payroll?
For small and growing businesses, outsourcing payroll to JSB Accountants can:
Reduce administrative burden
Minimise compliance risk
Save time and internal resources
Provide peace of mind
Ensure professional handling of complex regulations
Instead of worrying about deadlines, you can focus on running and growing your business.
Plan Ahead for a Smooth Transition into 2025/26
The key dates to remember:
19 April 2025 – Final FPS submission
31 May 2025 – P60 issue deadline
With the right preparation, and the right support, payroll year-end can be straightforward and stress-free.
If you would like assistance with your 2024/25 payroll year-end or ongoing payroll services, JSB Accountants are here to help.
As a family-run company, we pride ourselves on providing a bespoke service tailored to your particular needs.
Above all, our objective is to save you time, money and effort in managing your accounts, leaving you free to focus on building your business.
Remember, you’re not alone, we’re always here to help if you have an accounts problem or query
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