PAYE94001 - Reconcile individual: in-year reconciliation: introduction
The In-Year Reconciliation function allows you to enter information for the current year to settle or calculate an individual바카라 사이트™s liability part way through the current year. This may be because they have ceased employment, are seeking employment, going abroad or have died. They may have received a pension lump sum (formerly known as trivial commutation payments) lump sum death benefit, or used pension flexibility to receive a payment on which they have suffered excessive tax and want to make a claim before the end of the tax year.
The In-Year Reconciliation function allows you to enter
- In-year repayment claim data
- Claimant and nominee details
An in-year tax calculation and calculation statement are produced automatically for the individual or personal representative and agent where appropriate.
A new form P45 (Parts 1A, 2 and 3) will be issued automatically in the case of an unemployment repayment claim.
A payable order will be created in repayment cases addressed to the individual or nominee.
From April 2015 in-year repayments can be made when there is an open employment.