TCM1000608 - How to calculate the daily rate for the UY-1 period in correction

Step 1

On the 鈥楩unction Menu鈥�

  • select 鈥楢pplication鈥� on the toolbar
  • select 鈥楥orrection鈥�. You will be taken to the 鈥楰ey Entry Data - Applicant鈥� screen
  • enter the customer鈥檚 Nino
  • select the 鈥楲atest鈥� checkbox
  • select 鈥極K鈥�.

If you are taken to the 鈥楽elect Application鈥� screen

  • select the relevant claim
  • select 鈥極K鈥�. You will be taken to the 鈥楢pplicant Details鈥� screen
  • go to Step 2.

If you are taken to the 鈥楽elect Application Version鈥� screen

  • select the relevant version
  • select 鈥極K鈥�. You will be taken to the 鈥楢pplicant Details鈥� screen
  • go to Step 2.

If you are taken straight to the 鈥楢pplicant Details - Applicant 1鈥� screen, go to Step 2.

Step 2

Note: If you are dealing with a joint claim, you must repeat this step for Applicant 2 by selecting 鈥業nc 2鈥�.

Note: If there are RTI figures available, these will have been input already onto the tax credits system with an 鈥楻鈥� status. If these figures are then replaced by new figures, the status will automatically revert to 鈥楢鈥�.

  • select 鈥業nc1鈥� on the options available, you will be taken to 鈥業ncome - Applicant 1 -Sterling鈥� screen
  • select 鈥極K鈥� on the message 鈥楿C start date associated with this claim, income for UY cannot be entered or amended in this function鈥� that appears
  • make a note of any income type figures including zero

Note: Any boxes that are blank can be disregarded.

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.