Single Touch Payroll Update
On Friday 7th December 2018, the ATO issued a clarification in relation to the legislation to extend Single Touch Payroll to all employers from 1st July 2019.
Please note that this legislation has not yet passed the Parliament, despite some public commentary that suggests it has.
The Treasury Laws Amendment (2018 Measures No.4) Bill 2018 was passed by the Senate this week with proposed amendments to other measures contained in the Bill.
The Bill has now been referred back to the House of Representatives to consider those amendments.
As the Parliament has finished sitting for the year, the next opportunity for the House to hear the Bill will be 12th February 2019.
The ATO advise that their focus has not changed. They remain committed to supporting larger employers to transition to STP reporting,
encouraging employers with deferrals ending to start reporting and promoting STP to those employers who can voluntarily come on board.
The ATO will be working with those companies who intend to build low-cost STP solutions for micro employers (14 employees).
See www.ato.gov.au/STPsolutions for more information.