Knowledge Base Getting Started Frequently Asked Questions

How to start a new payroll tax year

This article explains how to start a new payroll tax year and transfer employee profiles in FreeAgent.

Once you’ve filed or marked as filed, the month 12 payroll for the existing tax year, then from 1st April you’ll be able to set up a new payroll tax year.

1 Navigate to the 'My Money’ tab and select 'Payroll'

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2 Change to the new tax year

By default, FreeAgent displays the year that just ended. Change this by selecting the drop-down and choosing the new tax year.

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3 Select 'Start new Payroll year'

Once you’ve selected ‘Start new Payroll year’, FreeAgent will use information from last year to create this year’s payroll profiles.

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If you need to edit a profile, you can do that before selecting ‘Start new Payroll year’ but you can also edit profiles after the transfer is complete. You can edit an employee’s profile by selecting ‘Edit’. 

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Here you can edit the employee’s NI category letter, tax code and any other relevant information. To complete the changes of a payroll profile, select 'Update Payroll Profile' at the bottom of the page.

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