Can I correct last year’s payroll?

Yes, even if the tax year has ended the PAYE record can be corrected.

For this you will need to submit an Earlier Year Update (EYU) showing the dffierences between the correct PAYE and what was submitted.

Not all software providers make this possible, if not HMRC’s Basic PAYE Tools can be used.

Damion Viney

Damion Viney has been supporting business owners to make a success of their ventures since 2011 when he set up Co-. Blogs cover all aspects of business development. He is co-author of Improving the Numbers

linkedin.com/damion-viney

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