FastTrack360 Version 12 Online Help
UK Payroll - Statutory Parameter Maintenance
Prior to the start of a new tax year, the statutory parameters for the new tax year must be imported into your system via the Payroll > Maintenance > Statutory Parameters screen. The following statutory items are imported:
Tax bandings/rates for each regime
New emergency tax code
National Insurance bandings/rates for NI categories A, B, C, H, J, M, Z
Student Loan thresholds/rates
SMP/SPP/SAP/ShPP rates starting from the first Sunday in April
SSP rates
NIC Employment Allowance
Maximum Apprenticeship Allowance allowed for the tax year
Apprenticeship Levy percentage
FPS Hours Worked categories
Pension Automatic Enrolment thresholds
State Pension ages
CIS Tax Rates
Postgraduate Loan threshold/rate (version 11.43 onwards)
Attachment of Earnings Rate Tables
When statutory parameters are uploaded for a tax year, a new row is added to the table on the Payroll > Maintenance > Statutory Parameters screen, which displays the following information:
start and end date of the tax year
date on which the parameters were imported
name of the user who imported the parameters
Additional validation will be displayed if it detects that the Apprenticeship Levy allowance held against a Pay Company exceeds the maximum permitted for the new tax year. The import will still occur and a warning message will be displayed.
Once the data is imported into the system for a given tax year, it is possible to update that tax data for that tax year at any stage if necessary.
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How to Import Tax Rates / Statutory Parameters for a New Tax Year
How To Update the Tax Rates / Statutory Parameters for an Existing Tax Year
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