I was wondering if you could give me some background on how Bullet is calculating the USC on our payroll. We have an employee being paid €2083.33 gross / month. By my calculations his USC should be €55.67 but your payslip shows €60.68. These figures are for January 2016. I input the numbers into a couple of online calculators and they came up with the €55 number, not the Bullet one. Can I get a breakdown of how this is being calculated?
I was wondering if you could give me some background on how Bullet is calculating the USC on our payroll.
We have an employee being paid €2083.33 gross / month. By my calculations his USC should be €55.67 but your payslip shows €60.68. These figures are for January 2016.
I input the numbers into a couple of online calculators and they came up with the €55 number, not the Bullet one.
Can I get a breakdown of how this is being calculated?
The USC calculation is dependent on the USC rates and cut-off points that the revenue commissioners have assigned to your employee. While these values are generally standard for most people, they can be different for some employees. Edit the employee, click on the lock to view/edit the 2016 tax details for the employee. If you click on the 'Advanced' tab, you'll see every tax setting for the employee for the 2016. Check that the USC tax rates are correct. Did you import the employee tax details using a P2C file, or did you enter the details manually?
John.
Thanks. Understood.
I've checked the values against those in the P2C file and they're the same. I actually entered them manually, but they look right to me.
The only thing that's unusual in the Employee details section is that he had a previous employment in 2015. Other than that it looks pretty standard.
Thanks,
Meg
Thank you!