Enables you to create a new version of the monetary table. When copying from an existing version, you can increase or decrease the values in the new version by a specified percentage.

General

Copy Version Date

This field is only accessible if a monetary table version already exists. Enter or select an existing version of the monetary table to copy.

New Version Date

Enter the date from which this version applies. This version automatically becomes effective on that date, superseding the previous version. During a payroll run, the system refers to the Tax Period Set pay date and uses the current version of the monetary table with a Start Date effective at that time, even if it is later than the current date, when the payroll is actually run.

If a pay element is defined as part-payable, then all monetary table versions between the start and end dates of the pay period are applied.

% Increase/Decrease Required

Enter the percentage by which you want to increase or decrease the monetary table values. This must be a negative value if you are decreasing the values.

Rounding Factor

Enter the rounding amount for the increase or decrease, if applicable. For example, to round to the nearest £1, enter 1.00. To round to the nearest 10p, enter 0.10.

Method

Enter one of the following to specify the rounding method:

N	Natural. This rounds up values that are equal to or greater than the rounding factor and rounds down values that are less than the rounding factor. For example: If the rounding factor is 0.05, £133.33 is rounded to £133.30.
U	Up. This rounds values up to the rounding factor. For example: If the rounding factor is 1.00, £133.33 is rounded to £134.00.
D	Down. This rounds values down to the rounding factor. For example: If the rounding factor is 0.10, £133.33 is rounded to £133.30.

MD26L5