Correct Employee Taxable Pay YTD and PAYE YTD figure for Prior Year (2023_2024)

Hello, If an incorrect figure of £40,000 taxable pay YTD has been reported to HMRC for 2023/24, along with a PAYE YTD figure of £5,000, and we need to correct this on an amended FPS, we would adjust the taxable pay YTD to £35,000. However, we would not adjust the PAYE YTD figure, as HMRC handles any refunds or charges from a prior year. Therefore, the PAYE YTD will remain at £5,000. Is this correct? Kind regards, Oto Solomon

Hi,
You would correct both however most software would amend the tax and NIC etc when you change the YTD income.
Thank you.