TCM1000612 - How to calculate whether the income figure falls within the RTI daily rate percentage parameter

Step 1

Note: You will be using the income figure obtained from RTI and the income figure obtained from the customers returned IYS17 notice.

  • subtract the IYS17 income figure from the RTI income figure
  • make a note of the figure difference
  • divide this figure by the RTI figure
  • multiply this by 100. This will give you the difference in percentage.

For example: »Ê¹ÚÌåÓýapp IYS17 income figure is 8,500. »Ê¹ÚÌåÓýapp RTI figure is 12,000. »Ê¹ÚÌåÓýappn 12,000 minus 8,500 equals 3,500. Divide 3,500 by 12,000 and this equals 0.29. Multiply 0.29 by 100 and this gives the percentage difference of 29 percent.

Note: Depending on the parameter obtained from your manager, you can ascertain whether the percentage change is within the agreed parameter.