Payment Record 2025

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A P32, or Employer Payment Record, is a form that recaps all the amounts youve paid (or are paying) to HMRC each month. It details all your PAYE amounts, that have run through your payroll as well as student loan amounts and National Insurance Contributions (NICs).
Use your payroll software to send an Employer Payment Summary ( EPS ) as well as a Full Payment Submission ( FPS ) if you: reclaim statutory maternity, paternity, adoption, parental bereavement or shared parental payments - even if you got an advance payment from HM Revenue and Customs ( HMRC ) to cover them.
An employer of record (EOR) is an entity that legally employs workers on behalf of another business. An EOR takes full responsibility for all aspects of employment including compliance, payroll, taxes, and benefits.
An Employer Payment Summary (EPS) is part of the Real-Time Information reporting that can be sent once a month to HMRC to inform them of any statutory payment reclaims, apprenticeship levy and CIS deductions.
A Payment Record is a re-usable collection of instructions, such as an account number or name of payment receiver relating to the issuance of a payment. Payment Records are static and usually created only once.
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The P32 is the Employer Payment Record. Its a summary of the amounts you have paid to HMRC each month. This includes all PAYE, student loan deductions and National Insurance contributions. Since RTI was introduced, the information in the P32 is sent through as part of your FPS and EPS.
Recording payments in accounting can otherwise be referred to as accounts payable, which means the total amount a given company owes to companies or suppliers for products or services.
How to keep track of payments received Use a uniform template for invoices and verify all payment information to avoid processing delays. Put a follow-up system in place for late invoices. Keep on track of your financial reports. Use accounting software to automate the process.

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