Description
In Australia a A payee can submit a Medicare levy variation declaration to request that their employer withholds an additional amount of tax from their earnings to cover their Medicare levy surcharge (MLS) liability. This prevents the payee from potentially having to pay more tax at the end of the financial year to cover the Medicare levy surcharge.
...
We have also provided additional search criterion options to allow you to find Payees that have the ‘Medicare Levy Surcharge' settings applied via the Search Payee > Payroll Details Tab, Tax Details section.
To apply the ‘Medicare Levy Surcharge’ filter, open the Tax Details section and set the ‘Tax Scale’ to either ‘Tax Scale 1' or ‘Tax Scale 2’. You can then select the ‘MLS’ (Medicare Levy Surcharge) filter required from:
Any (default)
Yes
No
...
Benefits
This enhancement provides an agency with the ability to flag Payees that qualify for the Medicare Levy Surcharge and the applicable tier, which will support STP Phase 2 reporting requirements for these Payees.
Configuration
On upgrade to v12.17 where an existing payee qualifies as requiring the application of the Medicare Levy Surcharge, the existing Payee record can be updated as follows:
...