Payment - payment profile: Payment profile - award entitlement (Info)
The award calculation
- produces start and end dates for each entitlement period within the award period
- determines the total amount of tax credit entitlement due in each period.
The payment schedule will reflect any changes in the entitlement from one period to the next.
The award calculation will set the start and end dates of the entitlement periods that lie within the award period. It will also calculate the total amount of entitlement to each tax credit available, for each period.
As the entitlement varies, due to changes that take place, the payments will be scheduled to change the amount that is paid.
The daily rates of the award for each entitlement period and the rounding of the calculation for the award period will be automatically calculated. If the daily rates change from one entitlement period to another, the date and amount of the changes in payment will be automatically determined.