Summary
Description
There's no longer any need to submit a year end return or run the P35 or P60 reports. Under PAYE modernisation, you make a payroll submission to Revenue each time pay your employees.
The process for completing the tax year involves processing all your periods for 2024. To help you do this, you can follow the tasks below.
This is stage two to complete year end. Go to the Payroll Year End 2024 hub to see them all.
Resolution
TIP: Don't miss a step, use the Payroll year end checklist.
Check Sage Payroll is up to date
Before you complete the tax year, you first need to download and install the latest version of Sage Payroll.
Check if you have an extra pay period
In the 2024 tax year, you have an extra pay period, also known as a week 53, if the following applies:- Weekly paid employees last processed on 23 or 24 December
- Fortnightly paid employees last processed on 16 or 17 December
- Four-weekly paid employees last processed on 2 or 3 December
NOTE: Monthly frequency payrolls don't have an extra pay period.
Check if you have an extra pay period, this at the end of 2024 tax year.
Process your final pay periods of 2024
PAYE Modernisation rules require that any payment to an employee is submit within the same tax year. When setting a pay period, Sage Payroll returns an error if any of your pay dates fall outside of 2024. To proceed, amend the dates entered to be within the 2024 tax year then complete processing as normal.
If your pay date falls on a bank holiday, set the pay date to the holiday and process the payment on the previous banking day. If your pay date falls on New Years day, you should process this in Sage Payroll 2025 with 01/01/2025 pay date, even if the actual pay date is 31/12/2025.
Print your Employment Detail Summary report - optional
The Employment Details Summary report is a summary of each employee's pay and tax details with the company for the year.
Validate your payroll data
You can use the Validate Payroll Data option to check your payroll data for any issues that cause your Revenue submissions to fail.
Housekeeping tasks at year end
Before completing the tax year, there are a few tasks you need to carry out. Complete the housekeeping tasks in Sage Payroll.
What to do next
Once you complete the 2024 tax year, you're ready to move onto step three, to set up your software for processing in 2025.