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Start New Tax Year 2026-27
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Dear Valued Users,
Please be informed that from 25th March 2026
you will be able to complete your annual
Final Submission of the Tax Year ( FSY ) and
move your account to the new tax year
starting on 6th April 2025. It is imperative
to complete your FSY submission by April
19th, 2025, to avoid incurring any late
filing penalties.
Good News. Our system will facilitate the
automatic update of all your employee tax
codes for the upcoming tax year, alleviating
the need for manual adjustments. However, we
encourage you to diligently review any
updates for accuracy.
Key Dates to Remember:
Availability
for the Start of New Tax Year Process
: 25th March 2026
( the date you can start filing your Final
Submission of the Tax Year ( FSY) to HMRC )
Deadline for
Final Submission of the Tax Year ( FSY)
: 19th April 2026
( the date penalty will apply if you failed
to complete FSY)
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A. Steps to follow for starting the new tax year 2026-27
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1. How to start new
tax year? ( Click here to view
Demo )
Start New Tax Year means wrapping up (closing)
the current tax year data and moving on to start
processing the pay for the new tax year
beginning from 6th April. However the option to
start the new tax year in our service is
available only after 25th March of the Tax year.
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2. Final Submission
of the Tax Year ( Click here to view
Demo )
You are required by law to do a FINAL SUBMISSION
FOR THE TAX YEAR (FSY), similar to EOY, before
you start the RTI for the New Tax Year.
We enable you to do this by submitting a Final
Employer Payment Summary (Final EPS). |
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3. FSY via EPS
(Final EPS)
Final EPS submissions should be submitted to
HMRC by 19th April. HMRC will still accept a
Final EPS after the 19th but you may incur late
filing penalties.
Click here for more
details on submitting the Final Submission of
the Tax Year to HMRC.
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4. FPS (Last
FPS)
Last FPS should be submitted to HMRC on or
before your last pay date of the tax year which
is 5th of April. You will not be allowed to
submit the last FPS if the payment date you
enter doesn't fall within the tax year. In case
of any corrections, you need to report those
using a YTD FPS (Year to Date FPS). |
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5. How and where to
print or email P60 ? ( Click here to view
Demo )
Go to Reports in the Tasking Zone, then further
select Payslip, Payroll and PAYE - View Print.
Then select P60 and the tax year and then the
employees as appropriate for whom you would like
to print or email P60. |
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B. Information for the New tax regime, NIC
Rates and BIK etc.,
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| 1. Your
employees' new tax codes have been automatically
updated. (
Read More ) |
| 2. They
are new Contribution Rates for tax year 2026-27 for the items below ( Read More ) |
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2.1. PAYE tax and Class National Insurance
contributions
2.2. Tax thresholds, rates and codes
2.3. Class 1 National Insurance
thresholds
2.4. Class 1 National Insurance rates
2.5. Class 1A National Insurance: expenses
and benefits
2.6. Class 1A National Insurance:
termination awards and sporting testimonial
payments
2.7. Class 1B National Insurance: PAYE
Settlement Agreements (PSAs)
2.8. National Minimum Wage
2.9. Statutory Maternity, Paternity,
Adoption, Shared Parental, Parental
Bereavement
and Neonatal Care Pay
2.10. Statutory Sick Pay (SSP)
2.11. Student loan and postgraduate loan
recovery
2.12. Company cars: advisory fuel
rates
2.13. Employee vehicles: mileage allowance
payments
2.14. Employment Allowance
2.15. Apprenticeship Levy
<< Click here for
more information on Tax Year 2026 - 27
Changes >>
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