Taking the complexity out of payroll

Expert guidance on HMRC payroll reporting

Something many businesses owners don’t realise (until it’s too late) is that missing a filing or payment deadline, as set by HMRC, can result in costly penalties and fines that escalate as the days tick by. Plus, with frequent updates and changes to HM Revenue and Customs payroll regulations, the pressure placed on employers to stay informed and consistent across these processes, whilst continuing to growing their business, can be overwhelming.

When it comes to understanding the complexities of HMRC reporting, you need a reliable source you can trust. Payroll Solutions Services have built a reputation as experts in all areas of payroll, including HMRC reporting, offering our clients clear, accurate guidance, and timely services, tailored to the needs of UK employers.

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What is a HMRC report in payroll?

A HMRC report is a requirement for registered employers to submit to Her Majesty’s Revenue & Customs (HMRC) that provides details on employee earnings, tax, and National Insurance contributions. Introduced in 2013, HMRC payroll reporting ensures that employee data is reported accurately and in real time.

Employers must submit a real time information report each time they pay an employee, whether weekly, fortnightly, or monthly, as part of their ongoing HMRC reporting obligations. Staying compliant with HMRC payroll requirements is essential to any robust business, no matter how small or large, with the two primary components being Full Payment Submissions (FPS) and Employer Payment Summaries (EPS).

What is included in a Full Payment Submission (FPS)

A Full Payment Submission (FPS) is a key component of HMRC payroll reporting, submitted every time an employer pays their staff, therefore meaning if an employee is paid weekly, then it is submitted weekly. It provides HM Revenue and Customs payroll systems with information, including

employee pay,
tax,
national insurance deductions,
and student loan deductions.

It also includes employee personal details, including their name, date of birth, working hours and pay frequency. Forming part of real-time HMRC reporting, the FPS ensures accurate and up-to-date payroll records for each pay period.

What is included in an Employer Payment Summary (EPS)

An Employer Payment Summary (EPS) is an important part of HMRC payroll reporting, used when adjustments need to be made to reporting that aren’t included in a regular Full Payment Submission, meaning it is situationally submitted.

This includes:

reporting statutory payments reclaimed,
employment allowance,
or periods with no employee pay.

The EPS must be submitted to HMRC by the 19th of the following tax month, it ensures that HMRC reporting remains accurate and reflects the true liability of the employer.

How Payroll Solution Services can help

With years of industry experience, Payroll Solutions Services are experts in all aspects of HMRC payroll. Our dedicated team streamlines every stage of the HMRC payroll reporting process, enabling you to focus on the growth of your business. Our dedicated account managers stay up to date with the latest legislation and compliance requirements, ensuring you never receive a penalty for non-compliance, and guarantee your peace of mind.

In managing the complexities of the HMRC report process on your behalf, we can save you valuable time and money, reducing internal workload and minimising the risk of costly errors. Known for our accuracy, efficiency, and reliability, Payroll Solutions Services deliver tailored HMRC payroll services that ensure smooth, compliant payroll management for businesses of all sizes.

Scalable payroll solutions for every business type

At Payroll Solutions Services, we provide three comprehensive payroll packages, designed to cover all aspects of your payroll needs with a focus on your company growth.