Payroll year end process - IRIS Earnie IQ

 

Step 8: Moving into the new year

Before you can start running payrolls in the new tax year, you must preform a Year-end Restart.

  1. Go to Year-end > Year-end Restart.

    The Year-end Restart clears all to-date information for the tax year.

  2. Select Yes.

  3. Employment Allowance, select from the options:

    • Claim Employment Allowance

    • Continue to claim Employment Allowance.

    • Do not claim Employment Allowance.

    • Stop claiming Employment Allowance.

      If you select to continue to claim Employment Allowance the State Aid screen is displayed. Select the relevant De minimis state aid option from:

      • De minimis state aid does not apply.

      • Agriculture.

      • Fisheries and Aquaculture.

      • Road Transport.

      • Industrial/Other.

    You must send an EPS in April, even if you would not normally send one to notify HMRC about changes to the Employment Allowance.

  4. Select OK.

  5. Pay Rate and Payment/Deduction annual totals are cleared:

    • Ticked items are set to zero.

    • Un-tick those you do not wish to clear.

      Any items with a reducing balance should NOT be cleared

  6. Select the period to clear History, Diary or Costing records for previous tax years, then select OK.

    This deletes data thatcan not be recovered without a backup. If you are unsure, select None. This can be completed at any time.

  7. Once the process is complete, a confirmation message appears. Select OK.

    Employee tax codes will be updated automatically, if required.

    Employees on a week1/month1 tax code basis will change to a standard cumulative tax code, including anyone whose tax code is D0 or NT. This is as per HMRC rules.

    If you have received any tax codes via post or HMRC messaging, apply these after the year end restart has been completed.

  8. If the company qualified for Small Employer Relief in the previous year, you are asked if you need to un-tick the Small Employer Relief box for the new tax year.

  9. Select OK to complete the process.

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