How to create a reserve for payment of vacation. Formation of a reserve for vacation payments

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2018-03-19 11:55:25

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At the end of each tax period, the company shall prepare the annual Declaration on income tax. Under article 289 (item 4) NK it is not too late for March 28. Calculating the taxable base, it is necessary to consider several points. Among them is a mandatory inventory of reserves that were formed during the year. It is held on 31 December. The purpose of this procedure is the identification of unused amounts or overuse, as well as adjustments to the taxable base. Next, let's consider how recording of a reserve for vacation pay. the reserve on payment of holidays

General information

Article 324.1, p. 1 of the tax code contains a provision that requires taxpayers who plan to carry out the calculation of provisions for vacation pay, to be reflected in the documents adopted their method of calculation, as well as the maximum amount and monthly interest income on this article. For this purpose a special budget. It reflects the calculation of the monthly amounts in the reserve in accordance with the data of estimated expenditures for the year. Budgeting is carried out with the inclusion of insurance premiums paid with costs. The percentage of revenues to the reserve for vacation pay is defined as the ratio of the required annual expenditures on them by the estimated annual amount to s/n employees.

Important points

According to the article 324.1, p. 2 NK, accrual for vacation pay relates to articles of expenditure s/n of the respective categories of staff. Guided by the norm of the provisions contained in article 318, paragraph 1, the Ministry of Finance has concluded that a taxpayer may independently determine the expense, which include these costs. They can be indirect or direct and to be treated as workers, attracted to the manufacturing process and performing other activities in the enterprise that is unrelated to production output. Your choice, however, the taxpayer is obliged to fix in documents. Interest also allowed the calculation of provisions for vacation pay for each structural unit. In this article of these expenses is made on the enterprise as a whole.

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Create a reserve for vacation pay

According to the provisions contained in art. 2, paragraph 1, article 324.1 of NK can be constructed as a formula:

% = (Otpuske + Swampus) / (Tplan + CBOT) × 100% in which;

  • Swampus, CBOT – the amount of insurance payments, calculated on the relevant amount.
  • Uplan – estimated amount (annual) s/n employees.
  • Otpuske – provided the cost of vacation pay.accounting for the reserve for vacation pay

After you define the percentage you need to multiply the amount by the actual cost of s/p (including premium). The effect will be included in the reserve account for vacation pay under article 255, paragraph 24 of the tax code. It is necessary to ensure that the accumulated amount does not exceed the limit value set out in the documentation.

Example

Consider the formation of a reserve for vacation pay for the enterprise engaged in the manufacture of non-precious materials jewelry. In December it was decided to make an estimate of future expenses for 2013 year. For the purposes of taxation in the accounting records was secured in the appropriate position. Along with this was defined limit value of the proceeds and monthly interest. The company has planned for 2013 the following expenses:

  • S/n – 1 million rubles.
  • Provision for holiday pay – 264 thousand RUB

In 2013 the rates of insurance premiums to Fund the s/n was:

  • 5.1% - in FFOMS.
  • 22% - to the pension Fund.
  • 2.9% - to the social insurance Fund.

The type of activity carried out by the company, refers to 9 the class of propiska (code NACE 36.61). This means that the rate of insurance contributions-1%. The overall rate - 31% (22+5.1+2.9+1). Then perform accrual for vacation pay

The sum for the year is as follows:

264 000 + 264 000 p × 31% = 345 840 R.

The documentation reflected that the maximum amount of expenses - 345 840. Provided annual Fund, s/n, including insurance payments

3 000 000 + 3 000 000. × 31% = 3 930 000 p.

The Percentage for each month:

345 840 R. / 3 R. 930 000 × 100% = 8.8%

In accordance with the data obtained the estimate

Savings

The Reserve for forthcoming payment of leave, in accordance with article 255, paragraph 24 NC, will be included in the expenses for s/p. it does not matter the size of the actual assigned payments. As was said above, also included in the provision for holiday pay the relevant sum insured. This means that the fees relate to miscellaneous costs, such as, for example, insurance, assigned s/n. it Must be borne in mind that the reserve may only be used when paying additional vacation.

 the calculation of provisions for vacation pay

Compensation for the unused period should be immediately referred to the costs of s/p. This position is enshrined in article 255, paragraph 8, of NK. This circular also specifies the letter of the Ministry of Finance. It is worth noting that the speech, in particular, is about the severance package. But in article 255 States about benefits for unused periods according to the labour code.

The Inventory reserve for vacation pay

Because for years taxpayers come from the anticipated, rather than actual spending on recreation employees, by the end of the period may be somewhat problematic situation. In particular, the amount really transferred employees on account of leave may exceed the size of the reserve. With its value, which is related to the costs more than the actual costs of the organization. In this context, it is natural that the taxpayer needs to be an inventory reserve for vacation pay. This requirement is established in article 324.1 NK (claim 3, paragraph 1). The results of the procedure, it is necessary to issue accordingly. In particular, the act or the accounting certificate (in any form). Reflection of the results obtained will depend on whether the enterprise in the next period to continue to be the reserve of the estimated costs.

Exception of the stock of the future costs

According to the article 324.1, p. 3, par. 3, if the enterprise has insufficient funds in the accrued reserve, which is confirmed by the inventory at the end of the period, the taxpayer shall as on 31st December of the year in which it was made, to include in the costs the actual amount for vacation pay. Accordingly, and added the premiums for which have not been developed in specified stock, the company informed. If the next period the company considers that the provision for holiday pay is impractical, the amount of the imbalance, which is detected when testing at 31 December relates to the article non-operating income in the current period.

Inclusion of the stock in the plan for next year

If your company policy remains unchanged regarding the reserve at the end of the tax period can be identified the remainder of underutilized vehicles. In accordance with paragraph 4 of the article above NC, the reserve for future costs to be confirmed, on the basis of:

  1. The number of days of unused period of the employees.
  2. Average daily expenditure s/n employees.
  3. Compulsory insurance contributions.

accrual for vacation pay

If the results of verification of the amount of accounted provision for unused vacation more than the actual reserve balance to end of the year, the excess amount must be included in the cost of s/n. in other words, if BUT > the NRO, the difference is equal to the cost of labor. If following the verification, the amount will be less, then it should be included in non-operating income.

Lack of funds stock: example

The Amount of deductions for reserve vacation pay is 345 840 R. For 2013, the staff issued 310 000 a life insurance amounted to:

310 000 x 31% = 96 100 p

During the reconciliation at the end of years, it was revealed that the actual assessed amount (including fees) greater than the amount of the allowance 60 260. Thus, ironically, this is not enough. In this regard, the excess amount shall be included in the cost of s/p.

The Value of the stock actually issued by more funds: example

The Amount of provision for vacation pay – 345 840 R. throughout the year, employees were issued 250 thousand. Insurance totalled 77 500 p. (250 thousand x 31%). By the end of the year inventory revealed that the reserve amount actually issued more vacation (along with insurance) 18 340 R. the Excess shall be charged to non-operating income.

Unused

They must be determined only as of the last day of the calendar year. Specification of reserve for future expenses for vacation pay during the tax period is not carried out. During the reconciliation often in practice, the question arises about how to count the unused days. There are two options. First, consider the expected number of days per year. It is mapped to the number actually taken. For the second option you need to consider all the days that were not used on 31 Dec....


Article in other languages:

AR: https://tostpost.com/ar/finance/1085-how-to-create-a-reserve-for-payment-of-vacation-formation-of-a-reserve.html

BE: https://tostpost.com/be/f-nansy/1847-yak-stvaryc-rezerv-na-aplatu-adpachynku-farm-ravanne-rezervu-na-aplatu.html

DE: https://tostpost.com/de/finanzen/1844-wie-schaffen-die-reserve-auf-die-bezahlung-des-urlaubs-die-bildung-der.html

ES: https://tostpost.com/es/finanzas/1849-c-mo-crear-un-fondo-de-reserva-para-el-pago-de-las-vacaciones-la-creac.html

HI: https://tostpost.com/hi/finance/1085-how-to-create-a-reserve-for-payment-of-vacation-formation-of-a-reserve.html

JA: https://tostpost.com/ja/finance/1084-how-to-create-a-reserve-for-payment-of-vacation-formation-of-a-reserve.html

KK: https://tostpost.com/kk/arzhy/1847-alay-zhasau-a-rezerv-demalysyna-a-y-t-leu-alyptastyru-demalysyna-a-y-t.html

PL: https://tostpost.com/pl/finanse/1850-jak-utworzy-rezerwy-na-op-acenie-urlopu-tworzenie-rezerwy-na-op-acenie.html

PT: https://tostpost.com/pt/finan-as/1847-como-criar-uma-reserva-para-o-pagamento-de-f-rias-de-forma-o-de-reserv.html

TR: https://tostpost.com/tr/maliye/1853-nas-l-bir-rezerv-olu-turmak-i-in-deme-olu-umu-rezerv-deme.html

UK: https://tostpost.com/uk/f-nansi/1849-yak-stvoriti-rezerv-na-oplatu-v-dpustki-formuvannya-rezervu-na-oplatu-.html






Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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