InfoSeeker
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I cannot find a clear answer to the query below & perhaps it can be handled in different ways so was wondering if anyone would know.
Person is out of work for say the first 6 months of the year.
Before they return to work on July 1st they contact Revenue to adjust their tax credits & SRCOP for the jobseekers benefit they received to date in that tax year.
Revenue issue a new tax credit & SRCOP certificate which seems to be based on a full tax year.
Person is paid weekly so should payroll apply weekly rates or should the unused 6 months be carried forward for both tax credits & SRCOP?
Regardless of how it is handled I know the person will come out with the same amount of net income as they can apply for a P21 on Jan 1st of the following year.
Apologies if description above is not clear.
Person is out of work for say the first 6 months of the year.
Before they return to work on July 1st they contact Revenue to adjust their tax credits & SRCOP for the jobseekers benefit they received to date in that tax year.
Revenue issue a new tax credit & SRCOP certificate which seems to be based on a full tax year.
Person is paid weekly so should payroll apply weekly rates or should the unused 6 months be carried forward for both tax credits & SRCOP?
Regardless of how it is handled I know the person will come out with the same amount of net income as they can apply for a P21 on Jan 1st of the following year.
Apologies if description above is not clear.