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HMRC internal manual

PAYE Manual

Accounting: end of year: multiple years

The principles of accounting remain the same for multiple years, however when completing accounting for multiple years the information will not be shown in Financial Events Summary until you accept all calculations; or for auto reconciliation 2008-2009 onwards, the calculations are accepted through batch processing. When the multiple year reconciliation is approved or it is successful through batch the accounting events will be created.

When the multiple year calculation has been approved the cumulative underpayment or overpayment for each tax year will be the amount recorded for accounting. This will include repayment supplement from the second year onwards. Accounting events for the final year of the multiple year reconciliation will show the final accounting status as defined in PAYE98002. The results for previous years that have been carried into a later year as tax over or underpaid will have a ’Carry Forward’ status in accounting.

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