TCM1000589 - How to annualise income

Step 1

On the function menu

  • select ‘IY Finalisationâ€� from the options available
  • select ‘View In Year S17 Detailsâ€�. You will be taken to the ‘Key Entry Dataâ€� screen
  • enter the customer’s NINO
  • select ‘OKâ€�. You will be taken to ‘In Year Finalisation - View IY S17 - Current positionâ€� screen
  • select ‘detailsâ€� under the Declaration Replies box
  • using income supplied in the ‘Income Totalsâ€� 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.