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Handling Overpayments after issue of P60

in Payroll and Global Payroll Interface (GPI) 3 comments

We have the below scenario:-

1.Monthly Payroll for an employee is processed for the Month of March-2024 & Apr-2024.This includes right uptil BACS, Generate Payslips & FPS.

2.In the Month of Apr-2024 , P60 is generated and then the Payroll team realizes that the employee was overpaid by 1000 GBP for Mar-2024 Pay Period.

Question is Since P60 is already generated , how will the Taxable Pay and Niable Pay related to this overpayment be adjusted?

An extension to it is if there is any kind of Unpaid leave which is retrospectively recorded for the Month of Mar-2024. What is the process to carry out this adjustment , issue new P60 and new FPS for the Pay period of Mar-2024.

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