What value should be stored in the Travel / Company Car Taxable component, after an amount is stored against the Travel Allowance component on the Take On Year to Date Figures screen?

This feature is available on all PaySpace editions.

Travel / Company Car Taxable component will appear in the Notes section of an employee's Take On Year to Date Figures screen after the Travel Allowance component has been added and an amount advised.

      Navigate > Employee > Payroll Processing > Take On Year to Date Figures

       

       

The component is used to store the value of the taxable portion of the Travel Allowance component, which forms part of the employees Year To Date taxable earnings. If this component is not advised, the system could incorrectly calculate the tax for the employee as it uses the annualised tax calculation method. The below error is a validation error that will appear when an employee has a travel allowance/ company car, and has to capture the taxable portions so that the employee's tax is calculated correctly.

      

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