Everything you need for year end

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The end of the tax year isn’t far away, there’s nothing to worry about as we’ll be with you all the way, helping you stay updated and in the know with all of the key dates and information you will need.

Here’s all the information that matters

1) Locks will be lifted on 1st April 2020

This will be done to make sure that all pay and expenses can be paid in the current tax year. You can also lift your locks yourself on MyParasol if you want this sooner. They will not be automatically reapplied so make sure you reapply them from 6th April.

2) Payments made from 6th April will be classed as part of the new tax year

The last day for making payments in the current tax year will be 3rd April. Any payments made after this date will be classed as part of the new tax year. Make sure you enter your timesheets before Friday 27th March to ensure that all payments are paid to you during this tax year.

3) Your P60 will be shared with you by Sunday 31st May

If you do have any queries around this, please contact our Employee Support Team.

4) Check your National Insurance number is correct before 1st April

This will allow us to share your P60 on time and avoid any delays.

View a summary of the changes to tax rates, tax thresholds and tax allowances for tax year commencing 6th April 2020