TCM1000609 - How to calculate the daily rate for UY from the In Year S17 (IYS17) notice

Step 1

On the 鈥楩unction Menu鈥�

  • select 鈥業Y Finalisation鈥� on the toolbar
  • select 鈥榁iew In Year S17 Details鈥�. You will be taken to the 鈥楰ey Entry Data - In Year Section 17 Notice鈥� screen
  • enter the customer鈥檚 Nino
  • select 鈥極K鈥�. You will be taken to 鈥業n Year Finalisation - View IYS17 - Current Position鈥� screen
  • select 鈥楧etails鈥� under the 鈥楧eclaration Replies鈥� box, you will be taken to 鈥業n Year Finalisation - View IY S17 - Declaration Reply鈥�
  • go to Step 2.

Step 2

  • divide each income type using the UY days

For example: The customer has 鈥楨arnings as an Employee鈥� of 拢1675 and 鈥楾axable Social Security Benefits鈥� of 拢536. The number of UY days is 205. 鈥楨arning as an Employee鈥� of 拢1675 divided by 205 equals a daily rate of 拢8.17. 鈥楾axable Social Security Benefits鈥� of 拢536 divided by 205 equals a daily rate of 拢2.61.

  • make a note of the figures
  • take no further action.