Visma Lön Smart
Car benefits - net salary deduction or reverse salary exchange
Net salary deduction
A net salary deduction is deducted directly from the net salary and means that the employee pays the employer with their taxed salary. The benefit value of a taxable benefit is reduced by amounts up to the benefit value.
An example of when the benefit value is reduced, is when the employee pays for repairs, inspections, insurances, vehicle tax, extra equipment, congestion charges or the company car parking spot at the place of work.
The benefit value should be submitted in box 013/133 - Taxable car benefits on the payroll tax report.
The net payment should not be reported to Skatteverket.
Do the following in the program:
- Select the employee under Lön Smart - Employees.
- Select the employee from the list and choose the tab Pay.
- Click on the pencil symbol next to the Car benefit value field and enter information about the company car if it is not already entered.
- Enter pay codes 2102 - Car benefit deduction and 1306 - Paid for car benefits under Recurring items on every payslip.
- Enter the amount that should be deducted for the car benefits from the employee's net salary.
The value in the Sum column will be negative.
Reverse salary exchange
Reverse salary exchange is a gross salary deduction which means that a deduction is made straight from the gross salary for an employee. Since it is a salary exchange, the gross salary is increased by an amount which corresponds to the car benefit. Preliminary taxes are then withheld in the same way as before, at the same time as a deduction is made from the net salary with the same benefit value. The bases for employer's contribution and tax deductions will be the same as before since the new gross salary will be the same as the sum of the old gross salary and car benefits. The net salary will also be the same.
Example
An employee has car benefits with a benefit value of 5 000 SEK per month. The monthly salary equals 30 000 SEK. The employer's basis for employer's contribution is 35 000 SEK.
The employee's monthly salary is increased by 5 000 SEK to 35 000 SEK. At the same time, the employee pays 5 000 SEK to the company. This means that the benefit value decreases to 0 SEK, and the bases for employer's contribution and tax deductions become the same as before.
The employee now has 35 000 SEK in gross salary. By paying the car benefits with 5 000 SEK via a net salary deduction, there will be no taxes withheld from the benefits.
Do the following in the program:
- Select Lön Smart - Employees and select the employee.
- Select the employee from the list and choose the tab Pay.
- Select the Salary exchange box.
- Click on next to the Full-time salary field.
- Select New salary.
- Enter from which date the employee's new salary after salary exchange should apply in the As of date field.
- Enter the ordinary full-time salary in the Full-time salary field.
- Enter the amount under Salary exchange with a minus sign in front. The amount in Salary after exchange will then increase instead of being reduced.
In the Salary after exchange field, the new monthly salary which the calculations for compensations and deductions for sick leave, parental leave, holiday and so on will be based on are shown.
- Click Save .
- Add the pay codes 2102 - Car benefit deduction, 1306 - Paid for car benefits and 1180 - Car benefit extended gross salary under Recurring items on every payslip.
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Enter the amount that should be deducted for the car benefits from the employee's net salary.
The value in the Sum column will be negative. It might then look like this:
The net payment should not be reported to Skatteverket.