How To Update the Tax Rates / Statutory Parameters for an Existing Tax Year

To update the tax rates/statutory parameters for a tax year that has already been imported into the system, follow the procedure below.

1.

Go to Payroll > Maintenance > Tax Period.

For UK, got to Payroll > Maintenance > Statutory Parameters.

The Tax Period/Statutory Parameters screen opens.

2.

Next to the row corresponding to the relevant tax year, click Update.

A message opens, prompting you to confirm downloading of the latest tax rates / parameters.

3.

To continue with the download, click Yes.

If updated tax rates/parameters were available to be downloaded, a confirmation message opens to inform you that tax rates for the corresponding tax year have been updated successfully and download date and time on the Tax Period/Statutory Parameter screen.

If updated tax rates/parameters are not available, a message opens to inform you that an update could not occur as there were no updates are available.