Keytime Payroll Year End 2018/19

Year End Instructions


You can download the Payroll year end instructions from the following link: Download the instructions 


Download link


You can download the Payroll year end update from the following link: Download now


General Software Changes


Personal allowances have been uplifted this year so you will need to update the personal allowances for codes L, M and N before processing the first pay period of 2019/20.


You can find instructions on making these changes for each payroll company you process the payroll year end guidance notes above.


Welsh rate of income tax


From 6th April 2019, the Welsh Assembly will be able to vary the rates of income tax payable by Welsh taxpayers. For the 2019/20 tax year, the Welsh Government has set the Welsh rates at the same level as in England and Northern Ireland. Welsh tax payers will receive a new tax code with a ‘C’ prefix. 


Postgraduate loan repayments 


From April 2019, employees with post graduate student loans and earnings above £21,000 pa will start to repay the loan at a rate of 6%. Postgraduate loans can run in conjunction with a student loan and loan deductions are allocated first to a postgraduate loan as this carries a higher rate of interest. 


Automatic enrolment  


Under automatic enrolment, pension contributions are due to increase over time. From April 2019 the minimum total contribution is 8%, with a minimum of 3% coming from the employer.


Tax code changes


For EVERY PAYE scheme which is being process please refer to the following:



  1. Open the company in Keytime Payroll (for year 2019-20)

  2. Go to payroll > End of year

  3. Select change tax code

  4. Type L to change the L code

  5. Enter 65 for the amount to change

  6. Type M to change the M code

  7. Enter 71 for the amount to change

  8. Type N to change the N code

  9. Enter 59 for the amount to change


Emergency tax code is 1250L 


NB these changes are the same for Scottish tax codes.  


For further details regarding Tax and tax credit rates and thresholds for 2019/20 please refer to the following:  


https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2019-to-2020  


Student Loan thresholds


If you have ticked the box for a Student loan the annual earnings above which collection will start are as follows:


Threshold for Plan 1 £18,935


Threshold for Plan 2 £25,725


Threshold for postgraduate loans £21,000