Guidance Required For Configuration Of Recovery And NIC Compensation Amounts
(Doc ID 1537364.1)
Last updated on DECEMBER 04, 2019
Applies to:Oracle HRMS (UK) - Version 22.214.171.124 and later
Information in this document applies to any platform.
How do we set up these details:
The latest White Paper (Real Time Information Whitepaper 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.
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