Description
To support the ATO requirement to report tax treatment for PAYG Payees that who are subject to Seniors/Pensioners Tax Offset (SAPTO), new settings have been created in the Pay Module Payee record. These will apply where the payee is:
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In the example Payee record below the ‘Seniors & Pensioners Tax Offset’ setting has been ticked and the Status has been defined as Couple.
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If a payee is flagged as being subject to SAPTO, FastTrack360 will not calculate the reduction in tax withholding that the payee is entitled to automatically and it is necessary to manually adjust the payee’s tax to apply the relevant tax offset. |
We have also provided additional search criterion options to allow you to find Payees that have the ‘Seniors & Pensioners Tax Offset' setting applied, via the Search Payee > Payroll Details Tab, Tax Details section.
The ‘SAPTO’ filter is editable within the Tax Details section of Search Payee if Payee’s Tax Type criterion has been set to Any or PAYG. You can apply filters of:
Any (default)
Yes
No
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Benefits
This enhancement adds the ability to identify Payees that who are eligible for the Seniors & Pensioners Tax Offset which will be reported to the ATO via STP Reporting.
Configuration
On upgrade to V12.17 the ‘Seniors & Pensioners Tax Offset' setting is available in Payee Record for PAYG Payees, in the PAYG Tax No section. By default this item is not ticked, and these settings can be updated at any time in the existing payee. Where ticked the Status value must be applied to one of the following options:
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Where set this information will be included in the STP payload information reported to the ATO for reporting purposes.
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