TCM1000589 - How to annualise income
Step 1
On the function menu
- select ‘IY Finalisation’ from the options available
- select ‘View In Year S17 Details’. You will be taken to the ‘Key Entry Data’ screen
- enter the customer’s NINO
- select ‘OK’. You will be taken to ‘In Year Finalisation - View IY S17 - Current position’ screen
- select ‘details’ under the Declaration Replies box
- using income supplied in the ‘Income Totals’ 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.