Provision for holiday pay - FRS 102

Provision for holiday pay - FRS 102

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Hello

Please see if my understanding is correct..

Based on FRS 102, holiday pay provision should be based on individual salaries at the point where the individual goes to holiday.

...So the 31/03/16 provision will be based on a salary of  say 21/06/16 or 28/07/16 ? for example ?

 or am I on the wrong track ?

Thank you

Replies (5)

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Portia profile image
By Portia Nina Levin
18th Nov 2015 11:37

Rather than attempt magic, why not attempt an estimate?

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By WESTA
18th Nov 2015 11:47

Where can I find some literature regarding this ( actual salary at the point of holiday) please ?

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Portia profile image
By Portia Nina Levin
18th Nov 2015 11:51
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By WESTA
18th Nov 2015 12:35

Is holiday pay provision a "

Is holiday pay provision a " financial instrument" ?

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By Portia Nina Levin
18th Nov 2015 13:27

Refer to the definitions in the glossary, bearing in mind that an individual is not an entity

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