Overpayment Pay Codes
1700 - used when the overpayment is detected and recovered in the same tax year and is deducted from Gross, which will correct all deductions - tax, ASC and pension.
*As 1700 is a negative paycode it cannot be used as a refund on the ETTO the same as illness benefit paycode.
1701 - used when the overpayment is recovered outside the current tax year. When setting up this overpayment, it is the amount of the overpayment, less the pension and ASC that would have been paid on that amount. It is taken off the Net Pay and the employee can then go to Revenue once the overpayment is recovered and claim back any tax or PRSI paid on the amount.
1705 - used when the overpayment is recovered outside the current tax year - ASC and pension relief. By changing the outstanding balance to a 1705 overpayment, you are giving pension and ASC relief in the current year and not having to do a recalculation of the overpayment.
Helpdesk advised by pay team on pay roll call 25.05.23 pay code 1705 should not be used.
Further advised by Gill 30.05.23
The code is to be used on request from the ETB.
If other ETB’s ask about it please let Gill know but we are not making it readily available to all just at the moment.