...
Under Single Touch Payroll (STP) Phase 2 it is mandatory to report if a payee has a downward variation to their tax withholding rate. Therefore, this enhancement allows you to configure Payee records accordingly in preparation for STP Phase 2 reporting, which .
| Info |
|---|
STP Phase 2 reporting capability will be |
...
added to FastTrack360 |
...
in a future release towards the end of 2022. |
Configuration
On upgrade the Variation Type field will default to blank for all existing Payee records where the tax scale is set to Variation - Approved Withholding Variation Percentage. You will be unable to save changes to such Payee records after upgrading until you select the relevant variation type for each payee validity period where the tax scale is set to Variation - Approved Withholding Variation Percentage.
...