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spay:hrmsprocguide:fair_share_contribution_with_tax_on_tax [2026/02/19 11:37] mclement |
spay:hrmsprocguide:fair_share_contribution_with_tax_on_tax [2026/02/19 11:40] (current) mclement |
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| * → **Use the Total Tax charged (exclusive of tax benefit) to verify the additional tax (PAYE and FSC) payable on the tax benefit**: | * → **Use the Total Tax charged (exclusive of tax benefit) to verify the additional tax (PAYE and FSC) payable on the tax benefit**: | ||
| - | * ** That additional tax payable, tax borne by the employer, becomes itself a tax benefit on which the additional tax payable is calculated again. The process is repeated until the additional tax payable is near zero** | + | * → ** That additional tax payable, tax borne by the employer, becomes itself a tax benefit on which the additional tax payable is calculated again. The process is repeated until the additional tax payable is near zero** |
| Excel illustration Tax charged on PAYE benefit | Excel illustration Tax charged on PAYE benefit | ||
| Line 97: | Line 97: | ||
| {{:spay:hrmsprocguide:step_13.png|}} | {{:spay:hrmsprocguide:step_13.png|}} | ||
| - | * → **Verify the Total tax withheld in previous months and the Tax to be withheld in the month** | + | * → **Verify the Total tax withheld in previous months and ** |
| + | * → **Verify the Tax to be withheld in the month** | ||
| Excel illustration | Excel illustration | ||