On receipt of an employee’s Tax Credit Certificate an employer need only enter the annual Tax Credit amount and Cut-Off Point shown on the Tax Credit Certificate into the electronic TDC to calculate an employee’s weekly or monthly amounts of Tax Credits and Cut-Off Point. The TDC will display the cumulative weekly or monthly Tax Credit and Cut-Off Point amounts for each week or month of the year. The TDC can be printed or saved locally on your PC for safe storage.
This is a separate form to record an employee’s Universal Social Charge (USC) details. From 1 January 2012, Tax Credit Certificates, as well as displaying PAYE rates and Cut-Off Points, feature USC rates and Cut-Off Points.
This is a separate form to record an employee’s Local Property Tax (LPT) details.
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