IRIS Payroll Professional - Year End 2023

We are pleased to announce the End of Year update of IRIS Payroll Professional is now available to download.

Release notes for the update are available here.

You need to complete vital component updates on your system before applying the update.
Find out more

Key changes in the latest update include:

Closing year updates 2022/23

  • Processes to close the tax year 2022/23

  • Updates to P60 and associated exports for 2022/23

  • P60 approval step has been removed as per HMRC guidance if substitute form meets their requirements.

  • Upon closing the tax year 2022/23 the deferment NI letters tab now includes employees where their NI Letter is L, in additional to the previously included NI letters J and Z.

  • A new FPS schema has been for tax year 2022/23, and when creating an FPS YTD for the tax year 2022/23 you can add NI Letters F, I, S, L and V for an employee.

Statutory rate changes

  • Emergency tax code from 6 April 23 is 1257L and has been implemented into the program.

  • Rates and/or bands have been updated in the program for Tax (bands), NI Letter (bands and rates), Statutory absence (rates) and Student Loans (rates) for 2022/23

  • Class 1A rate for termination and sporting payments and P11D calculations have been separated as the rates are now different for the tax year 2022/23 compared to previous years when they were the same.

P11D changes

  • The Diesel RDE2 fuel type cars with a registration date of 1 September 2017 or later, can now be imported.

  • New P11D submission schema for the tax year.

  • HMRC requested validations added to software to ensure creation of a P11D submission for the P11D year, not previous year and to ensure figures add up correctly when manually entered.

  • P11D reports updated for tax year 2023/24.

Further enhancements

For those licensed for the Import module, there is now the ability to import payrolled company car and fuel details from tax 2022/23 onwards with import file validations.

Additional fields have been included on the Employees and Calculations grids, including NI Letter, Working in a freeport and Veterans First Civilian Employment and more.

The Query Manager which is used for creating custom reports and the export payroll list both now include fields for Veterans and Freeport Workers; please do check your custom reports as these fields will not be automatically added to custom reports.

Employee Verification Connector

We have partnered with Experian to offer Work Report™ to employees whose payrolls are processed by IRIS software for instant verification of income and employment status.

Information and FAQs including factsheets for Employers and Employees to explain/get consent. IRIS employee verification connector

You can choose to opt-out all clients using the bulk-opt out option which is detailed in the release notes.