PRSI Ireland (Infotype 0360) 

Definition

This infotype stores an employee’s Pay Related Social Insurance (PRSI) details. The Revenue and Social Insurance number (RSI) itself is transferred from the employee’s Personal Data (infotype 0002) record, and cannot be altered here.

Use

During their employment, employees’ PRSI situations may change. You need to create new records to reflect each of these changes

All the necessary information for PRSI contribution calculation is stored in this record. The Payroll Accounting component uses this data to make the correct PRSI deductions from wages and salaries.

When new employees join your company, you need to create a PRSI record for each of them. If you do not receive the PRSI details immediately, you must create a PRSI record using a standard PRSI class.

Backdated changes to the infotype PRSI Ireland (0360) record do trigger Retroactive Payroll Accounting. However, an employee may not receive contribution credits or stamps retroactively.

For more information, see Retroactive Accounting

 

If an employee’s PRSI status changes, you must create a new PRSI record valid from the exact date of the change of status. This is to ensure that the payroll calculates the new contributions from the correct period within the tax year.

Structure

The Current PRSI Class field enables the Payroll Accounting component to calculate the PRSI contributions for the employee and the employer.

A default value can be specified for the Current PRSI Class by making the relevant customizing entries in the IMG, under: Payroll Ireland ® PRSI ® Default value for PRSI class.

 

The PRSI Contributions Weeks field is the number of PRSI insurable weeks (stamps) to be allocated to the employee per payroll period. This field is only used for unusual cases, for example, a job sharer who may only be entitled to one stamp every fortnight.

Under normal circumstances this field is not used because employees‘ stamps are calculated as they are processed through Payroll Accounting.

The Director indicator is used to record whether an employee is a director. If this indicator is set, then during year-end processing the P60 form shows the employee as a director.