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BIK Arrearage: Should This Be Evaluated After Universal Social Charge Has Been Deducted? (Doc ID 2078851.1)

Last updated on SEPTEMBER 06, 2019

Applies to:

Oracle HRMS (Ireland) - Version 12.1.3 and later
Information in this document applies to any platform.


Is it correct to calculate BIK arrearage prior to USC deduction?

Example :

Employee has monthly basic of 293.34, making total payments as 293.34

Employee received BIK benefit Taxable and PRSIable of 1500.53
This resulted in PAYE of 262.77, PRSI of 71.75
Universal Social Charge of 125.57
System calculated BIK Arrearage as -41.18
Making total deductions of 418.91

Net = -125.57



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