SAP ABAP IMG Activity OHFBNMP03 (Define Annual Tax Free Boundary for Miscellaneous Plan (FLEX))
Hierarchy
☛EA-HRCGB (Software Component) Sub component EA-HRCGB of EA-HR ⤷PA-BN-FB-XX (Application Component) General Parts ⤷PAOC_BEN_FBN (Package) Flexible Benefits System
Define Annual Tax Free Boundary for Miscellaneous Plan (FLEX)
Customizing Activity
OHFBNMP03
Define Annual Tax Free Boundary for Miscellaneous Plan (FLEX)
Document
Document Class
SIMG
Hypertext: Object Class - Class to which a document belongs.
Document Name
OHFBNMP03
Define Annual Tax Free Boundary for Miscellaneous Plan (FLEX)
Use
In Great Britain, payments into selected benefit plans are subject to tax.
You use this step to control benefit plans belonging to the Miscellaneous Plan type which possess a tax free threshold, above which plan payments become taxable. You must maintain theTax Free Boundary field for any miscellaneous plans where payments into it are subject to taxation restrictions.
Execute this IMG step and select your required benefits area when prompted.
The table view Define Annual Tax Free Boundary for Miscellaneous Plan: Overview is displayed.
Select the miscellaneous plan you wish to maintain and choose Details.
In the field Tax Free Boundary , enter the value of the tax threshold above which plan payments become taxable.
Repeat steps 2 and 3 for each miscellaneous plan subject to tax restrictions.
Save your entries.
Example
For example, payments into a specific miscellaneous plan are tax free up to an annual threshold of GBP 500 . Any plan payments above this amount are subject to tax. Therefore, when you fill theTax Free Boundary field with the value GBP 500, all plan payments above this threshold value are treated as taxable by payroll.