How to Import Tax Rates / Statutory Parameters for a New Tax Year

To import tax data for a new tax year, follow the procedure below.

How to Import Tax Data

Go to Payroll > Maintenance > Tax Period.

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

The Tax Period/Statutory Parameters Maintenance screen opens.

2.

Click the Import New Financial Year Data button located on the header of the result list.

If tax data for a new tax period is available for import, a confirmation message opens to indicate that the data was imported successfully and a new row appears on the Tax Period Maintenance screen showing the start and end dates of the tax year and the details of when and who imported the tax data. Alternatively, if there is no new tax period data that can be imported, a message is displayed to indicate this and no new entries are shown on the Tax Period Maintenance screen.

It is recommended that you re-login to the system after importing tax data for a new year. This ensures that the new tax year registers correctly within the system. Some tax period related functions, like creation of pay periods for the new tax year, may not work until you re-login to the system after importing the new tax data.