PAYE20175 - employer records: set up employer record: trade classes

The Trade Class indicator is made up of a prefix letter and a number. It is used to denote the class of trade for the scheme you are setting up.

The prefix is represented by a letter and will be one of the following S, E, C, I, P, F or L.

In addition you will also need to determine the Trade Classification Number (TCN) for the scheme. This is a 4 digit number representing the nature of the business you are setting up. These are contained in the Trade Classification Index. For example a newsagent’s TCN is 3608. Bear in mind that it is not possible to say one particular scheme type is covered by one specific TCN you should always use the index to establish the correct number.

Ensure that you do select the correct trade class prefix for the employer record you are setting up. This will determine how the computer automatically allocates the employer and Accounts Office reference numbers.

Further information on each trade class is available

• Select the required trade class