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Brouge
December 15, 2020
Question

hmrc overpayment - journal entry

  • December 15, 2020
  • 1 reply
  • 0 views

I have a balance of £xxx.xx with HMRC for PAYE on their tax website as an overpayment (unallocated). 

My QB Balance is zero for payroll liabilities.

 

With desktop I could make a journal entry to adjust the balance so that i could make the payment less the £xxx.xx and paye account would still be in balance. 

 

How can I adjust the p32 report prior to FPS/RTI so that i pay the right amount to HMRC and both balances be zero?

 

I use standard online payroll. I have checked the quickbooks-online-standard-payroll-hub help article

 

Thank you

1 reply

Jen_D
Jen_D
December 15, 2020

I want to make sure you're able to replicate the overpayment in QuickBooks, @Brouge,

 

You can try the steps below to adjust the liability in QuickBooks. Doing so requires turning off the Employment Allowance feature in the Payroll tab from Account and Settings. Here's how:

  1. Go to the Account and Settings menu.
  2. Select the Payroll tab.
  3. Click anywhere in the Employer NI relief section.
  4. Select the No, I don't qualify button in the Employment Allowance section.
  5. Click Save, then Done.

 

After that, you'll have to resubmit your EPS filing to the HMRC. Let me guide you how.

  1. Go to the Taxes menu.
  2. Select Payroll Tax.
  3. Choose the EPS and view the details.
  4. Click Submit.

 

Furthermore, you're unable to enter your payments you make to the HMRC with Standard Payroll. The P32 report just shows the liability/amount you need to pay. Just write a check for record-keeping and pay directly to the agency. 

 

Moreover, you can effectively manage your payroll account and employees by referring to this article: QuickBooks Online Standard Payroll Hub. It contains topics about setting up and run payroll, manage employees, Real Time Information (RTI), Workplace Pensions, and reports.

 

If you're not comfortable with the steps or you have a different scenario, you can request someone to help you from our Team. They'll make sure your P32 report is accurate. You may contact our Payroll Support using the steps below:

 

  1. Sign in to your QuickBooks Online company.
  2. Press Help (?) at the top then enter your concern. Once done, select Let's talk.
  3. Click on Contact Us to connect with a live support agent.
  4. Choose a way to connect with us:
    • Start a chat with a support expert.
    • Get a callback from the next available expert.
    • Ask the community to get help from businesses like yours.

Let me know how it goes. I'll be right here to help you further with the liability adjustments. Have a good one!

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