TCM1000589 - How to annualise income

Step 1

On the function menu

• select ‘IY Finalisation’ from the options available
• select ‘View In Year S17 Details’. You will be taken to the ‘Key Entry Data’ screen
• enter the customer’s NINO
• select ‘OK’. You will be taken to ‘In Year Finalisation - View IY S17 - Current position’ screen
• select ‘details’ under the Declaration Replies box
• using income supplied in the ‘Income Totals’ box divide the figures by the number of days in UY then times that figure by 365

Note: For a leap year you need to times the figure by 366.