Guidance Required For Configuration Of Recovery And NIC Compensation Amounts (Doc ID 1537364.1)

Last updated on MAY 28, 2024

Applies to:

Goal

How do we set up these details:

The latest Technical Brief (Real Time Information Technical Brief 2013-14 - Page 27) states:

Mandatory User Actions Required:

The following operations must be performed by all customers who are submitting EPS to HMRC:

 Call the seeded formula function (FF) from the Custom formulae attached to the seeded statutory elements (e.g. Statutory Maternity Pay)

 Pass Amount input value as a parameter.

 The seeded fast formula will pass the Recovery and NIC Compensation computed values to the out parameters specified on the user formulae.

 These values must then be returned to the appropriate seeded indirect elements for Recovery & NIC Compensation using the Formula Results functionality

For example: Computed SMP Recovery amount must be returned to "SMP Recovery" element's Pay Value. Computed SMP NIC Compensation must be returned to "SMP NIC Compensation" element's Pay Value.

 These indirect elements in turn feed the seeded balances which are reported once the concurrent program RTI Create EPS Payment Values 2013/14 is run.


 

Solution

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