- Statutory pay calculations incorrect when pay period runs over to new tax year
Why do my statutory pay calculations seem incorrect when the pay period runs over to the new tax year?
What is happening?
The statutory pay calculations (SSP, SMP, SPP, SAP) are incorrect for payroll payments where the pay period runs over to the start of the new tax year (6th April).
Why is this happening?
The statutory pay rates change at the start of a new tax year. If you have an employee where their pay period runs over in to the new tax year, QuickBooks calculates the statutory pay using a combined rate from this tax year (08/09) and the new tax year (09/10). We are aware of this issue, and are working to resolve it.
How to fix the problem
If you have an employee where their pay period runs over in to the new tax year, calculate their statutory pay (SSP, SMP, SPP, SAP), then enter it in to the payroll payment manually. HMRC has calculators to help calculate statutory pay. Click here to visit their site now.
|
|
