Got a question on the YERO process and need a quick answer? This is the article for you 😎 If your questions hasn't been answered please get in touch on the live chat and a member of the team will be happy to help.
How Is YERO Applied?
YERO in MDA is really simple, in fact it's a click of a button! Only your accounting firm admin can access the required menu. It can be found under the top right settings cog and it's called 'Tax Year End Roll Over'
There are steps you should take before applying the year end roll over. make sure you've read our in depth article by clicking the button below😎
How To Apply P9s
It is highly likely you have been receiving P9s for the last couple months ahead of the new tax year.
After you've applied your YERO you will want to go to Bulk Transactions -> Payroll -> HMRC Inbox. Filter by P9s and the new tax year and hit apply to ensure they are all actioned 😀
Screenshot shows no data found as it's a test system with no live data in.
How To Send P60s
You can send your P60s by going into Bulk Transaction -> Payroll -> Bulk P60/P45/SOE screen.
Both screens behave the same, all you need to do is search for the tax year, select all and hit mail P60. Please note - the select all button only selects all for the current page you are on, therefore, you can only send a maximum of 500 at any given time. Make sure you send all the P60s that are due before the deadline outlined by HMRC.
The email status will then update as they are being sent out.
I Have Just Applied YERO But Need To Amend A Payroll In 24/25
Once YERO has been applied, your P60s will start generating, meaning you shouldn't be making any payroll amendments in the previous year. If you do need to make an amendment, it should be done using the Earlier Year Adjustment feature. For more information on how to use this feature, please click the button below:
Will Workers Expenses Carry Over To The New Year?
No, expenses will not be brought forward into the new year. It is the workers responsibility to ensure they claim for any unprocessed expenses by submitting a P87 form to HMRC.
If a worker calls up and queries the amount, you can find this by going to Financial Accounting -> Contractor Reimbursements.
