Payroll Processing > System Items – Income > Restraint of Trade
SimplePay has a built-in system item to accommodate the special tax and reporting requirements of a restraint of trade payment. To add the item on SimplePay:
- Go to Employees on the left-hand menu and select the relevant employee.
- Click on Add next to Payslip Inputs.
- Select Restraint Of Trade under Income.
- Enter the amount. This will be taxable and will be reported under code 3613 on the employee’s IRP5/IT3(a).
- Click Save.