There has been a change to the way Tax Credits are displayed on the Annual Summary. Previously Tax Credits were shown deducted from the tax-due on this page – in fact tax credits should not be show deducted on this display. This does not affect the net cash flows, which were correct, it just affects the display of this report. Here is a summary of how tax credits are now displayed...

The amount entered here will be added to the employee's net salary, i.e. the amount you actually pay him.  On the main form, this amount is show deducted from the tax due in the current period from the employee, however it is not show deducted from the employees cumulative tax account.

Tax credits are shown on the Payment Summary and are deducted  from the amount shown that is to be paid to the Inland Revenue.  (The Payment Summary has a check-box that allows you to temporarily display the amounts without the Tax Credits deducted – this is just for informational purposes only)

This column also appears on the Annual Payment Summary, however, on this summary Tax Credits are not deducted from the tax totals, as this summary is intended to show the employee’s tax position for the year - P60/P35. (There is also, however, a check-box that allows you to temporarily display the amounts with the Tax Credits deducted – this is just for informational purposes only)

Tax credits are also shown on the payslip, but are not deducted from any tax shown, they are merely added on to the net pay due

New Feature – Employee List Dialog

This is available from the Tools menu. It is a non-modal dialog box that you can minimize and maximize independently of the rest of the system. Its purpose is to show the NI number and the ‘details’ relating to all open employees. This is useful if you have the annual summary open and need to know this information as well. (we considered adding this to the columns of the annual summary, but it made the report too wide). The list can be opened from the ‘Employees’ buttons on both the annual and  payment summary screens. This feature replaces the list-of-employees displayed at the top of  payment summary. If you want to print the list of open employees at any time, just open the Employee List and click the print button. The Employee List is dynamic – once opened it will change to reflect the employees that are currently open in the system.