UK 
United States
2. Full Payment Submission (FPS) and Employer Payroll Summary (EPS) changes
“Even if your company pay day is brought forward in December, remember that the pay date on the FPS submission should still show the normal contractual (regular) pay date. Submission of the EPS should be as per the standard timetable for this – i.e. sent between the 20th of the current month and the 19th of the month following. If this is done incorrectly, it could cost up to £400 in penalties from HMRC - a fine that can easily be avoided!”
3. Christmas bonuses and gifts
“Many companies hand out Christmas bonuses or gifts to their employees to mark the end of a successful business year. However, while this might look really straight forward on paper, attributing the correct tax to these kinds of gifts can be a real challenge for your payroll team.”
