Payroll Forms Flashcards
What must an employer give to employees when it pays them?
Payslip
When must payslips be provided to employees?
On or before their payday
When must a employee issue a P 45?
When an employee leaves employment
What does a P60 show?
The amount of tax and employee has paid an tax year
What is the P 11 D form used for?
It is used to tell HMRC about any benefits that the employee has received for example of company car health insurance or gym membership.
What does a full payments submission show?
All the employees that have been paid that month & all the deductions that have been made
What may happen to employers that submit an FPS or an EPS late?
They may face a penalty which is based on the number employees and the amount due to HMRC
What is a full payment submission ?
Something that tells HMRC about payments employers have made to employees and deductions that have been made
When should a full payment submission be submitted ?
On or before pay day
When must an employee pay payroll taxes to HMRC if paying electronically ?
22nd of each month
When must an employee pay payroll taxes to HMRC if paying by post ?
19th of each month
