From release 30E, Beneficial Loans is available in Great Britain.
For this functionality there are:
Table T5G70 contains the official rates as published at irregular intervals by the Inland Revenue. This is a customizing table, included in the GB Payroll Implementation Guide and should be updated when new official rates are published.
Table T5G71 links loans categories with their applicability as qualifying loans. This is delivered completed as standard.
Infotypes Company Loans (0045) and Contract Elements (0016) now contain additional fields. This new information is needed to calculate the cash equivalent and consists of assigning loans with loan categories and MIRAS flags (Infotype 0045) and calculation methods (Infotype 0016).
Schema GLON has been activated in Schema G000.
The new wage types are:
/LCE loans cash equivalent for the normal benefits calculation method
/LBC loans cash equivalent for the precise benefits calculation method
/LMA contains the maximum outstanding amount of a loan
/LAB and /LAE both contain maximum outstanding amounts at the beginning and end of a tax year
/LTI cumulates the interest that is paid throughout the year.
This functionality is set up in the GB Payroll Implementation Guide under Beneficial loans.