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HMRC internal manual

Tax Credits Manual

From
HM Revenue & Customs
Updated
, see all updates

How to calculate the daily rate for the UY-1 period in correction

Step 1

On the ‘Function Menu’

  • select ‘Application’ on the toolbar
  • select ‘Correction’. You will be taken to the ‘Key Entry Data - Applicant’ screen
  • enter the customer’s Nino
  • select the ‘Latest’ checkbox
  • select ‘OK’.

If you are taken to the ‘Select Application’ screen

  • select the relevant claim
  • select ‘OK’. You will be taken to the ‘Applicant Details’ screen
  • go to .

If you are taken to the ‘Select Application Version’ screen

  • select the relevant version
  • select ‘OK’. You will be taken to the ‘Applicant Details’ screen
  • go to .

If you are taken straight to the ‘Applicant Details - Applicant 1’ screen, go to .

Step 2

Note: If you are dealing with a joint claim, you must repeat this step for Applicant 2 by selecting ‘Inc 2’.

Note: If there are RTI figures available, these will have been input already onto the tax credits system with an ‘R’ status. If these figures are then replaced by new figures, the status will automatically revert to ‘A’.

  • select ‘Inc1’ on the options available, you will be taken to ‘Income - Applicant 1 -Sterling’ screen
  • select ‘OK’ on the message ‘UC start date associated with this claim, income for UY cannot be entered or amended in this function’ that appears
  • make a note of any income type figures including zero

Note: Any boxes that are blank can be disregarded.

  • go to .

Step 3

Using the figure(s) previously noted

  • divide the figure obtained for each of the income details by 365. This will give the daily rate of income

Note: If the figures are from a leap year, divide the income by 366.

  • make a note of this figure
  • take no further action.

Note: This step needs to be repeated if you are dealing with a joint claim.