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PAYE SETTLEMENT AGREEMENT (PSA) CALCULATIONS 2024/25

  • Writer: ASESA Solutions Ltd
    ASESA Solutions Ltd
  • Jun 30
  • 1 min read

A quick reminder for employers: if you have a PAYE Settlement Agreement (PSA) in place, it's time to prepare your calculations for the 2024 to 2025 tax year.


A PSA allows you to make a single annual payment to HMRC to cover tax and National Insurance on minor, irregular, or one-off benefits and expenses provided to employees. It simplifies reporting and avoids the need to include these items in your payroll.


We recommend submitting your PSA calculation to HMRC by 31 July 2025, even if you are submitting a nil return.


Once your submission is processed, HMRC will send you a payslip confirming the amount due. Be sure to pay by 19 October 2025, or 22 October 2025 if paying electronically, using your unique PSA reference number.


Please note: PSA details are not visible in your Business Tax Account, but you will receive a reminder through it in July.


Failure to submit your calculation may result in HMRC issuing an estimated charge — which could be higher than your own calculation.

 
 
 

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