Hierarchy
⤷ PA-BN-FB-XX (Application Component) General Parts
⤷ PAOC_BEN_FBN (Package) Flexible Benefits System
Basic Data
Data Element | FBN_TFCHK |
Short Description | Tax Free Boundary Check |
Data Type
Category of Dictionary Type | D | Domain |
Type of Object Referenced | No Information | |
Domain / Name of Reference Type | XFELD | |
Data Type | CHAR | Character String |
Length | 1 | |
Decimal Places | 0 | |
Output Length | 1 | |
Value Table |
Further Characteristics
Search Help: Name | ||
Search Help: Parameters | ||
Parameter ID | ||
Default Component name | ||
Change document | ||
No Input History | ||
Basic direction is set to LTR | ||
No BIDI Filtering |
Field Label
Length | Field Label | |
Short | 10 | TaxChk |
Medium | 17 | Tax Free Boundary |
Long | 23 | Tax Free Boundary Check |
Heading | 4 | TChk |
Documentation
Definition
You set the Tax Free Boundary indicator for any benefits plan which has a tax free threshold, above which plan payments become taxable. In Great Britain, payments into selected benefit plans are not totally tax free.
Therefore, you set this indicator for any benefits plans where payments into it are subject to taxation restrictions. The applicable tax threshold amount for each affected benefits plan is maintained in the respective IMG step Define Annual Tax Free Boundary for XXXX Plan (FLEX), in one of these five Customizing tables:
- Define Annual Tax Free Boundary for Health Plan (FLEX) (V_T74_FBN08_A)
- Define Annual Tax Free Boundary for Insurance Plan (FLEX) (V_T74_FBN08_B)
- Define Annual Tax Free Boundary for Miscelleaneous Plan (FLEX) (V_T74_FBN08_C)
- Define Annual Tax Free Boundary for HolidayPlan (FLEX) (V_T74_FBN08_D)
- Define Annual Tax Free Boundary for Pension Plan (FLEX) (V_T74_FBN08_E)
Example
Payments by an employee into a Personal Computer (PC) Plan, for example, are tax free up to an annual threshold of GBP 500 . Any PC Plan payments above this amount are taxable in the payroll. Therefore, for the PC plan, you must set theTax Free Boundary indicator in this IMG step, and also maintain the value GBP 500 in the IMG step: Define Annual Tax Free Boundary for Miscelleaneous Plan (FLEX) (V_T74_FBN08_C).
History
Last changed by/on | SAP | 20040223 |
SAP Release Created in | 200 |