Reconcile individual: end of year reconciliation: multiple years reconciliation summary screen
The 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. The 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
- Approve them for issue (PAYE96225)
- Amend (PAYE96230) and then approve them for issue
- Cancel them (PAYE96235)
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 ‘Reconciliation cannot occur, P14 details expected’ as to why the next year not displayed in the Multiple Year Reconciliation screen cannot be included in a multiple year reconciliation.
The 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.
The rest of this subject is presented as followed
The Date fields display the date on which the reconciliations have been triggered.
Tax Year field
The Tax Year fields display the years covered by the multiple year reconciliation.
The Status fields display the final status of each year’s reconciliation, for example, ‘Reconciled - Overpaid’.
The Amount field will display (by year) the amount the customer is underpaid / overpaid. The amount displayed is the amount relevant to the year in isolation and you will need to use the ‘Cumulative Amount’ 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
The 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
The 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 ‘C/F Amount field’ (see below) to determine the supplement arising.
C/F Amount field
The C/F Amount field displays the amount carried forward into the next (later) tax year. The amount concerned may be the same as the Cumulative Amount but in cases where customer is overpaid in the year in isolation, the ’C/F Amount’ may be higher (where the year end result is ’Reconciled - Overpaid’) or lower (where the year end result is ‘Reconciled - Underpaid’) than the Cumulative Amount.
The Inhibit field will indicate whether or not automatic reconciliation of the year concerned has been inhibited (PAYE93015).
View Record icon
The View Record icon allows you to review the tax calculation for the year concerned.
Cancel Multiple Tax calculations action link
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).