PAYE96240 - Reconcile individual: reconciling CY-6 to CY-2: reconciling multiple years - re reconciling years
Where a year that was previously part of a multiple year reconciliation needs to be re reconciled, all years covered in the original reconciliation onwards, starting with the year now being re-reconciled, will be reviewed. Whether or not the new reconciliation follows the multiple year or single year processing rules will depend on the year being re-reconciled, that is, in a case where the original multiple reconciliation covered three or more years:
- And the year being re-reconciled leaves two or more subsequent years requiring re-reconciliation, the years concerned will be included in a new multiple year reconciliation. For example, in a case where the original multiple year reconciliation covered CY-4 to CY-1 and CY-3 is being re-reconciled, a new multiple year reconciliation covering years CY-3 to CY-1 will be undertaken
Whereas
- Where the year being re-reconciled is the last one included in the original multiple year reconciliation, the year concerned will follow single processing rules. For example, in a case where the original multiple year reconciliation covered CY-4 to CY-1 and CY-1 is being re-reconciled, single year processing covering CY-1 only will be undertaken.
In a case where the re-reconciliation is automatically triggered by the system, for example on receipt of a P14 바카라 사이트˜End of Year바카라 사이트™ (EOY) record or 바카라 사이트˜Earlier Year Update바카라 사이트™ (EYU) or further year to date FPS, where it is:
- Possible to re-reconcile all relevant years (CY-3 to CY-1 in the example above) all relevant tax calculations will be issued automatically and the customers PAYE Service Reconciliation and Accounting records will be updated with details of the calculations issued
- If any P60s or P45(1)s were used in any of the tax calculations the following Contact History note will be made 바카라 사이트˜Reconciled account, instead of raising WI315. Used P60 or P45(1) details for tax years missing P14 information바카라 사이트™
- Not possible for the system to automatically re-reconcile the case
- As the system identifies more than five reasons as to why the customer is over / underpaid, work item 300 (Action guide tax36112) will be created to allow the case to be reviewed manually
- Because something has changed preventing all relevant years to be included in a re-reconciliation, work item 315 (see action guide tax36134 WI315) will be created to allow the case to reviewed manually.
In a case where the re-reconciliation is triggered online, for example by input of a P60 and:
- It is still possible to undertake a multiple year re-reconciliation, you will be presented with the Multiple Years Reconciliation screen showing the years to be covered in the re-reconciliation to allow you to review the years concerned
- It is no longer possible to re-reconcile the appropriate years, you will be presented with the message 바카라 사이트˜The system cannot re-reconcile the same tax years as previously reconciled. Further investigation is required바카라 사이트™. Follow action guide tax36134 WI315 to resolve matters.
In a case where a multi-year re-reconciliation takes place, and the final years status taking into account tax already refunded is now 바카라 사이트˜Reconciled - Balanced바카라 사이트™, the status of the earlier years may 바카라 사이트˜Reconcile - Overpaid바카라 사이트™ repaying tax which has already been repaid through the later year. Where this situation is identified see action guide tax80013.
Note: From 2016 to 2017 onwards, if a customer바카라 사이트™s residency status changes (Scottish to non-Scottish or vice versa) for year that has already been reconciled, a re-reconciliation will be triggered following the reconciliation rules.
For further information on Scottish tax, see PAYE100035.
Note: From 2019 to 2020 onwards, if a customer바카라 사이트™s residency status changes (Welsh to non-Welsh or vice versa) for a year that has already been reconciled, a re-reconciliation will be triggered following the reconciliation rules.
For further information on Welsh tax, see PAYE100040.