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It is very important that you follow the 2006/2007 PAYE Year End
Procedure exactly.
Year End Procedure
Process Last Payroll Period as Normal
Load KRAM Payroll System 2007 Release A Update Print Year End Reports
Process Year End
Process First Payroll Period as Normal
Process Last Payroll Period
You can process and update the last payroll period for the 2006/2007
PAYE Year as normal. Once this has been done you will be warned
that you need to do the Year End procedure before you can process
any more payroll periods.
Load KRAM Payroll System 2007 Release A Update
The new KRAM Payroll System 2007 (available after 1st April 2007)
is required in order to process the 2006/2007 PAYE Year End. This
new version MUST NOT be loaded prior to the last payroll period
being updated (where possible this will be loaded remotely for you).
Print Year End Reports (P14/P60's)
You will need to obtain the appropriate quantity of the Portrait
Laser P14/P60's from the Inland Revenue.
Process Year End
During the Year End Procedure the system will set the new NIC Bands
and Rates. However, it is your responsibility to check these prior
to processing the first Payroll Period of the 2007/2008 PAYE Year.
The system will also alter the Tax Codes for Employees with a suffix
of L and set anyone on a Week 1/Month 1 Tax Code to a Cumulative
Tax Code. You will need to amend any other Tax Code changes that
you have been notified of.
Software Updates
If you have a valid Support Package for the period 1st April 2007
to 31st March 2008 then please contact us by e-mail when you are
ready to have your updates loaded.
You can process the year end returns on line using www.efileready.com who will charge you directly for their services.
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