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How to Update Your Tax Code Globally?
After you have signed in to the payroll system go to the usual Payrun page. On the top tasking menu bar click on ‘Employer/Setup’, then click on ‘Chart of Setup’ and then further click on the ‘Global Tax Code Update’ link. Further click on the ‘Confirm’ button to automatically update your employees' tax codes. To check that the tax codes have been updated correctly you can refer to draft payslips from a trial pay run. Please note that this change will take effect on or after 7th September 2008. The new tax code will only be reflected in pay periods on and after 7th September 2008.
Why do you need to update?
Following the Chancellor of the Exchequer's announcement the Personal Allowance for the 2008-09 tax year is increasing by £600 from £5,435 to £6,035 and the basic rate limit is reducing from £36,000 to £34,800. We have updated our payroll package to adhere to these changes. For more information on tax code updates from HMRC click here.
http://www.hmrc.gov.uk/forms/p7x-sept08.pdf or http://www.hmrc.gov.uk/employers/epa-basicrate.htm
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