Thursday Mar 27, 2014

Legislative Update for PeopleSoft HCM Global Payroll Singapore

Singapore Government has announced Budget during February 2014.  Amendments to Singapore Legislation have impact on Foreign Worker Levy and CPF Contribution Rates for older workers. To ensure compliance with this legislative initiative we have updated our position statement that is made available on My Oracle Support, Document ID 1640353.1. We advise customers to review the position statement to keep up-to-date.

Friday Mar 14, 2014

Global Payroll France March 2014 Newsletter

The Global Payroll France Newsletter is published on My Oracle Support, under the following Doc ID: 1635545.1. You will find in this newsletter the latest communications from PeopleSoft development, all the information about upcoming legislative changes, and an update on the DSN project. Enjoy.

Lettre aux Payeurs de Mars 2014

La Lettre aux payeurs française de ce mois est disponible sur My Oracle Support, sous le numéro de document 1635545.1. Vous trouverez dans cette lettre les dernières communications du Développement PeopleSoft, des informations concernant les changements légaux à venir, ainsi qu’un point sur l’avancée du projet DSN. Bonne lecture.

Wednesday Mar 12, 2014

Legislative Update for PeopleSoft HCM Global Payroll Hong Kong

Changes to IR56 Forms

The Inland Revenue Department (IRD) has updated the print out specifications of Notification forms i.e., IR56 E, IR56 F, IR56 G and IR56 M. The new specifications released by the IRD have impact on the format and the presentation of data. Our Position Statement has been revised to include these legislative updates and the delivery timeline for the respective changes. We advise customers to review the position statement to keep up-to-date. Our Position Statement can be found on My Oracle Support, Document ID 1630409.1.

Thursday Mar 06, 2014

Legislative Update for PeopleSoft HCM Global Payroll Australia

Superannuation data and e-commerce standards

The new SuperStream and e-commerce standard which is due to go live from July this year for medium and large employers has seen a newer release of its Standard. The ATO released its version 1.2 with minimal changes in December 2013 and further was expected to release its final version by February 2014, which is still awaited. Oracle had initially published its position on this legislative feature in July 2013 and update to this is now available on My Oracle Support, Document ID 1632138.1.

Tuesday Mar 04, 2014

Legislative Update for PeopleSoft HCM Global Payroll United Kingdom

An update on Direct Earnings Attachment

The Welfare Reform Act 2012, which became law in March 2012, allows Department for Works and Pensions Debt Management to ask the employer for making deductions directly from payee’s earnings. This is routed by asking employer to operate a Direct Earnings Attachment (DEA).These regulations are only in force in England, Scotland and Wales hereby excluding Northern Ireland.  DEA has its own regulations which follow some of the workings of a Deduction from Earnings Order (DEO) and some workings of an Attachment of Earnings Order (AEO), particularly a Council Tax Attachment of Earnings Order (CTAEO). DEA does not replace other orders and in some circumstances employers may receive requests to implement deductions for multiple orders for the same employee. The legislation covering DEAs, part of the Social Security (Overpayment and Recovery) Regulations 2013 came into force on 8th April 2013.

DWP has released necessary specification for an automated payroll solution which will be introduced effective April 2014. In order to ensure compliance with this legislative initiative Oracle has updated the position statement that is made available on My Oracle Support, Document ID 1631637.1.
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This blog is dedicated to topics focused on legislative updates to PeopleSoft Applications including Human Capital Management and Financials.

For other useful information about PeopleSoft Applications see the PeopleSoft Applications Strategy Blog.

For information about PeopleTools see the PeopleSoft Technology Blog.

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