Single Touch Payroll
Effective 1 July 2018
Single Touch Payroll is a reporting change for employers.
It starts from 1 July 2018 for employers with 20 or more employees.
You will report payments such as salaries and wages, pay as you go (PAYG) withholding and superannuation information from your payroll solution each time you pay your employees.
Single Touch Payroll will be expanded to include employers with 19 or less employees from 1 July 2019. This is subject to legislation being passed in parliament.
Count the employees on your payroll as of 1 April to see if you need to get ready for Single Touch Payroll.
Next step:
Employers with 20 or more employees:
- You need to start reporting to the ATO through STP from 1 July 2018 if your software is ready.
- Some payroll software providers have asked us for more time to update their products – check if your product has a deferred start date.
- If your software will be ready by 1 July 2018 but you won't be ready, you will need to apply for your own deferred start date.
Employers with 19 or less employees:
- From 1 July 2019 STP will be mandatory, subject to legislation passing in parliament.
- You can choose to report through STP before 1 July 2019 if your software is ready.
The ATO have produced the following summary factsheet as a handy resource:
For further information please contact MGA on 1800 888 479 or 03 9824 4111 (line 1).