Skip to content
Solved

PAYE96330 | Reconcile individual: simple assessment: reconciling years - CY-5 and CY-6

From HM Revenue & Customs · PAYE Manual

Where the reconciliation result for CY-5 and CY-6 falls into any of the categories below the reconciliation result is recorded and Accounting will be updated to reflect the new position. In each case the updated result will be used in Simple Assessment single or multiple year Auto reconciliation processing.

  • CY-5 or CY-6 year was reconciled - underpaid. A re-reconciliation reduces an existing underpayment

  • CY-5 or CY-6 was reconciled - underpaid. The year is re-reconciled as overpaid or balanced,

  • CY-5 or CY-6 was reconciled - balanced. The year is re-reconciled as overpaid.

  • CY-5 or CY-6 was reconciled – overpaid. The year is re-reconciled and the overpayment amount is greater.

If a multiple year reconciliation from CY-4 to CY-1 results in all years becoming Simple Assessment, and CY-5 or CY-6 then becomes overpaid the overpayment will be repaid in full.