PAYE93083 - Reconcile individual: end of year reconciliation: redundancy repayment calculation (Action Guide)
Note: For the purposes of this guidance ‘redundancy payment’ refers to any lump sum termination payment / loss of office payment received by the customer.
An end of year review will arise where the individual has previously claimed on form OCA91 an in-year repayment of any higher or additional rate tax for a redundancy payment received whilst claiming Jobseeker’s Allowance (JSA) or Employment Support Allowance (ESA), action guide tax36085 refers.
You will have to hand, either
- a manual work item created for the issue of form OCA92 after the end of the tax year
or - a completed end of year version of form OCA92 completed by the customer
To action, follow steps 1 - 5 below
1. Is there an existing PAYE Service record?
- yes, go to step 2
- no, go to step 5
2. Where there is an existing record
- If the existing PAYE record is live, go to step 3
- If the existing PAYE record is ceased, go to step 4
3. The system will automatically reconcile the year after 6 April and include the in-year repayment.
If the in-year repayment was made prior to 5 April 2015 it will pick up any in-year repayment on the Record Manual Repayment screen.
If the result of the informal calculation is a further repayment of any amount - issue the repayment to the customer
If the result of the informal calculation is an underpayment of any amount - treat this as an over-repayment of tax and issue the informal calculation to the customer, telling them how you intend to collect the underpayment
4. The system will automatically reconcile the year after 6 April and include the in-year repayment.
If the in-year repayment was made prior to 5 April 2015 it will pick up any in-year repayment as a Tax Office refund.
If the result of the informal calculation is a further repayment of any amount - issue the repayment to the customer
If the result of the informal calculation is an underpayment of any amount - treat this as an over-repayment of tax and issue the informal calculation to the customer, telling them how you intend to collect the underpayment
5. Where there is no other tax record, or only a ceased SA record, you should
- check the redundancy payment has been declared on the self assessment tax return
- if it has, no further action is required
- if it has not, you should consider referring the case for enquiry