NATIONAL INSURANCE COST NEUTRALITY title: national insurance cost neutrality (PA-BN-FB-GB) (SAP Library - Glossary)
NATIONAL INSURANCE COST NEUTRALITY category: Great Britain (PA-BN-FB-GB)
NATIONAL INSURANCE COST NEUTRALITY explained:
A possible option within Flexible Benefits for Great Britain, where any differences in employer National Insurance Contributions (NICs) produced as a result of an employee's flexible benefits choices are passed to the employee. Two scenarios are generally applicable when maintaining National Insurance (NI) neutrality for an employer:
An employee's flexible benefit choices result in increased employer NICs. When the NI cost neutrality principle is applied in this case, the value of these additional NICs are deducted from the employee's salary. An employee's flexible benefit choices result in decreased employer NICs. When the NI cost neutrality principle is applied in this case, the value of these NICs savings are added to the employee's salary as a cash refund.Therefore, if the NI cost neutrality principle is applied, the employer NICs difference (Employer NIC Cost/Saving) will be taken into account when calculating the cost of the benefits selected for the employee.
In this way, employers avoid incurring additional/reduced NI costs resulting from an employee's flexible benefits selections.
More terms such as national insurance cost neutrality in Dictionary N.
- Manual Naming Structure:
- Help actual data and determine the actual quantity structure in the following functions: Mixed costing in the Product Cost Planning component Product cost collectors in the Cost Object Controlling national insurance cost neutrality definition.
- Manual Notice On Amount:
- Help of the Account Management (FS AM) system that depicts notice being given by a bank customer on deposits that are subject to notice. At the end of the notice period, the customer can withdraw the national insurance cost neutrality explain.
- Manual Notification Criteria:
- Help Criteria selected by the initiator and used to determine which events associated with the opportunity will trigger the notification of parties in the invitation list national insurance cost neutrality what is.
- Manual Named Data Object:
- Help Data object that can be addressed using a name. Named data object are: constants, variables and text symbols. See also anonymous data object and literal national insurance cost neutrality meaning.
- Manual New Entry:
- Help A standard R/3 function used to append a new page with blank lines to a list or table. The top line of this page is the last line of the list or table that contains an entry national insurance cost neutrality abbreviation.
