SINGLE TOUCH PAYROLL
Contents • Corrections Framework Principles • Available services • Out of cycle • Payments in advance • Return messaging/errors UNCLASSIFIED – Single Touch Payroll
Corrections Framework Principles – employee data Where the latest employee information reported does not reflect the current information in the employer’s payroll system a fix should be reported Correcting a payroll event � Must report within 14 days of detection � Report at next pay cycle Large withholders follow existing processes. UNCLASSIFIED – Australian Taxation Office
Fixing reporting errors – employer data Where the latest employer information (W1 and W2) reported does not reflect the actual amounts withheld, a correction needs to be made to those amounts.
Services available There are a number of services available under STP. Please speak to your provider about the services your STP-enabled product offers. � Pay Event or Submit service � Update Event � Full file replacement
STP Corrections Framework | EOFY KEY POINTS • No rolling-over of corrections beyond the end of financial year • Any reconciliations and adjustments can be processed between the end of financial year and the due date for Finalisation • If a ‘fix’ is required post finalisation, then an Update event must be used to amend the employee’s record indicating the relevant financial year. Please note: amendments for prior years (before STP) cannot be processed via an Update Event 6
Ad-hoc/Out of Cycle payments
Out of cycle Employers may make other payments outside of their usual pay cycle such as commissions and bonuses. These payments may be reported by either: Pay event on or before the pay Next regular pay event day you made the payment
Payments in Advance • Where a payment is made to an employee in advance, this generally constitutes a loan and is not a payment subject to withholding at that time. • Where this is the case, they should not be reported through STP until finalised in a pay run and withholding is calculated . • You must consider any FBT implications that may arise from having these types of payments outstanding at the end of the financial year.
Return Messaging/Errors
Return Messaging and Errors There are two message types you can receive from the ATO after attempting a submission of an STP report. They are: 1. A technical receipt/message 2. Error message
Further Information Please contact us if you have any further questions. SingleTouchPayroll@ato.gov.au For further information about Single Touch Payroll please visit our website: www.ato.gov.au/singletouchpayroll 12
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