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How to do VHI on payroll

magic roundabou · 2010-08-26 07:45:30

Morning all I am hoping someone out there can help me , i have to enter vhi for an employee for the first time and im not sure how to do it - i have a Net premium amount but i dont think i enter that as the deductable - any one any help Thanks in advance

26-08-2010 7:45am

#1

magic roundabou

Registered Users, Registered Users 2 Posts: 246 ✭✭

Join Date: June 2005

Posts: 133

Morning all

I am hoping someone out there can help me , i have to enter vhi for an employee for the first time and im not sure how to do it - i have a Net premium amount but i dont think i enter that as the deductable - any one any help

Thanks in advance

0

Comments

#2 26-08-2010 6:13pm

SRASE

Registered Users, Registered Users 2 Posts: 86 ✭✭

Join Date: July 2010

Posts: 86

Due to TRS the payment is 80% of cost. For payroll you regross the payment - e.g. payment of €800 benefit is (€800/80%) = €1,000

0