Payroll Reporting Deadlines: Key Dates for the 2024/25 Tax Year

As the 2024/25 tax year draws to a close, employers must ensure all payroll obligations are met in line with HMRC reporting requirements. Below are the key deadlines for finalising payroll processes and reporting benefits for the year ending 5 April 2025.

April 2025

  • 5 April: End of the 2024/25 tax year.
  • 19 April: Final deadline to submit the Full Payment Submission (FPS) for 2024/25. Ensure this is marked as the last submission if no further payments will be made in the tax year.
  • 22 April: Deadline for electronic payment of PAYE and National Insurance (NI) for March 2025.

May 2025

  • 31 May: Employers must provide employees with their P60s, summarising total earnings and deductions for the 2024/25 tax year.

July 2025

  • 6 July: Deadline to report employee benefits and expenses via P11D forms. Employers must also submit a P11D(b) to declare Class 1A National Insurance due on benefits.
  • 22 July: Final date for electronic payment of Class 1A National Insurance on benefits reported in P11Ds.

Avoid Penalties

Failure to meet these deadlines may result in penalties from HMRC. Employers should ensure payroll software is up to date and that reconciliations are completed promptly.

If closing payroll permanently, notify HMRC by submitting a final Employer Payment Summary (EPS).

For full guidance, visit GOV.UK or consult your payroll provider.

Advance Notice: Mandatory Reporting of Benefits in Kind

From April 2026, most Benefits in Kind (BiKs), Income Tax, and Class 1A National Insurance Contributions (NICs) will need to be reported through PAYE using Real Time Information (RTI).

  • Employment-related loans and accommodation will be required to be reported at a later date.
  • Employers will have the option to payroll these BiKs voluntarily from April 2026.
  • The reporting will be done via the Full Payment Submission (FPS), the same system currently used for salary and employee details.

Please see another An Accounting Gem blog: https://www.aag-accountants.co.uk/how-to-save-tax-in-the-uk-best-tax-planning-tips-for-2024-25/

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