Within the Paycircle P32 reports, there are 2 columns referring to PAYE Credit that can often be the cause of confusion. We have included what each of the PAYE Credit fields mean below.
PAYE Credit Incurred
This value represents how much credit you have been assigned in that period (e.g., how much surplus currency you have for that period. This credit will be pulled into the following period as an applied credit.
PAYE Credit Applied
This value represents amount of currency that has been used to reduce the HMRC liability in the given period.
Note: This cannot be more than the amount due to the HMRC for that period.