It is time to prepare for making your last Full Payment Submission (FPS) or Employer Payment Summary (EPS) of the year. Your last FPS or EPS of the year, up to and including 5 April 2025, needs to include an indicator that you are making a final submission. This tells HMRC that you have sent them everything you expected to send, and they can finalise their records for you and your employees. Some commercial payroll software will not let you put the indicator on the 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.
You also need to prepare to give your employees a P60 if they are in your employment on 5 April 2025. This information must be provided to the employee by 31 May 2025. If you are not going to pay anyone again this tax year, remember to send an EPS with the indicator ticked to show you did not pay anyone in the final tax pay period and that this is your final submission. You have until 19 April 2025 to do this. If you have not filed by 11 April 2025, you will receive a reminder notification from HMRC's Generic Notification Service.
