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.