PAYE for employers: help for preparing for 2014-15

19 March 2014

HMRC has produced two helpsheets on getting ready for April 2014 and the tax year ahead.

The helpsheets cover:

  • what employers need do to get ready for their final 2013-14 submission and the start of 2014-5 - and the changes they will see in 2014-15
  • in-year interest charges being introduced from 6 April 2014.

Preparing for 2014-15

Employers can use this helpsheet as a ready-reference whilst preparing their businesses and PAYE affairs for the end of 2013-14 and the start of 2014-15. The helpsheet provides a checklist of what to do to get ready for the start of 2014-15, including:

  • making a correct final PAYE 2013-14 report
  • taking action if they have missed their deadline for starting to reporting in real time
  • a reminder to annual filers to be ready to submit their final report if they haven't already.

Details of the changes employers will see from 6 April 2014:

  • on a Full Payment Submission (FPS)
  • on an Employer Payment Summary (EPS)
  • to interest
  • to correcting errors for an earlier year
  • to Generic Notification Service electronic messages.

A forward look for changes later in the year:

  • in-year penalties
  • online appeals.

Finishing the 2013-14 and starting the 2014-15 tax years


Interest from 2014-15

This helpsheet sets out in brief how the new, in-year interest will operate from 2014-15, providing information on, amongst other things:

  • what will change with the way HMRC charges interest
  • how interest will be calculated
  • how HMRC will calculate interest on a charge that employers didn't agree with.

At a glance: interest from 2014-15


Further information

The ‘What's new’ message of 18 February 2014 has a link to a helpsheet providing a step-by-step guide on sending the final 2013-14 submission to HMRC: Employers' final PAYE submission for 2013-14