PAYE93016 - Reconcile individual: end of year reconciliation: multiple years reconciliation summary screen

皇冠体育app Multiple Years Reconciliation Summary screen is displayed when you trigger a reconciliation for CY-2 or earlier and the system determines that all the required information is held on the case to allow a multiple year reconciliation (PAYE96201) to take place.

Where a reconciliation resulting in a Simple Assessment is triggered the year includes a carried forward (previously coded) underpayment from an earlier year, this may result in a multiple year reconciliation PAYE96325.

皇冠体育app screen will display details of the years the multiple year reconciliation covers and it will allow you to access the Tax Calculations for the years concerned before you

Where a multiple year reconciliation is triggered and it cannot cover all years up to and including CY-1 you will receive an appropriate advisory message, for example 鈥楻econciliation cannot occur, P14 details expected鈥� as to why the next year not displayed in the Multiple Year Reconciliation screen cannot be included in a multiple year reconciliation.

皇冠体育app Multiple Years Reconciliation Summary screen is only displayed where the system determines that an online multiple year reconciliation can take place and it will only be visible until the Tax Calculations within the reconciliation are approved or cancelled.

皇冠体育app rest of this subject is presented as followed

Date field
Tax Year field
Status field
Amount field
Year Coded Out field
Cumulative Amount field
C/F Amount field
Simple Assessment field
Inhibit field
View Record icon
Cancel Multiple Tax calculations action link
Approve Multiple Tax calculations action link

Date field

皇冠体育app Date fields display the date on which the reconciliations have been triggered.

Tax Year field

皇冠体育app Tax Year fields display the years covered by the multiple year reconciliation.

Status field

皇冠体育app Status fields display the final status of each year鈥檚 reconciliation, for example, 鈥楻econciled - Overpaid鈥�.

Amount field

皇冠体育app Amount field will display (by year) the amount the customer is underpaid / overpaid. 皇冠体育app amount displayed is the amount relevant to the year in isolation and you will need to use the 鈥楥umulative Amount鈥� figures or view the tax calculation concerned to determine whether or not the Amount field displays an underpaid or overpaid amount.

Year Coded Out field

皇冠体育app Year Coded Out field, where applicable, displays the year in which an underpayment has been coded out for collection. Where the underpayment was collected over more than one year, the Year Coded Out field displays the last year in which it was / will be collected.

Cumulative Amount field

皇冠体育app Cumulative Amount field displays the cumulative year end amount taking into account any underpayment or overpayment (including repayment supplement) brought forward into the year. Where due, that is where the customer is overpaid in isolation for the year being reviewed, the Cumulative Amount field does not include any repayment supplement and you will need to use the details displayed in the 鈥楥/F Amount field鈥� (see below) to determine the supplement arising.

C/F Amount field

皇冠体育app C/F Amount field displays the amount carried forward into the next (later) tax year. 皇冠体育app amount concerned may be the same as the Cumulative Amount but in cases where customer is overpaid in the year in isolation, the 鈥機/F Amount鈥� may be higher (where the year end result is 鈥橰econciled - Overpaid鈥�) or lower (where the year end result is 鈥楻econciled - Underpaid鈥�) than the Cumulative Amount.

Simple Assessment field

Where a multiple year reconciliation is triggered any years which are 鈥楻econciled Underpaid鈥� which cannot be collected by adjusting the individual鈥檚 tax code will be collected by Simple Assessment PAYE96301.

Where an underpayment is collected by Simple Assessment a 鈥榊鈥� will be displayed for the year in the 鈥楽imple Assessment鈥� field. If the year is not Simple Assessment the field will be blank.

Inhibit field

皇冠体育app Inhibit field will indicate whether or not automatic reconciliation of the year concerned has been inhibited (PAYE93015).

View Record icon

皇冠体育app View Record icon allows you to review the tax calculation for the year concerned.

Cancel Multiple Tax calculations action link

After you have reviewed (PAYE96220) each Tax Calculation within the multiple year reconciliation, the Cancel Multiple Tax calculations action link allows you to cancel them being issued (PAYE96235).

Approve Multiple Tax calculations action link

After you have reviewed (PAYE96220) each Tax Calculation within the multiple year reconciliation, the Approve Multiple Tax calculations action link allows you to approve the tax calculations for issue (PAYE96225).