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The above applies to payees who are subject to the Individual Non Business Payment Summary (in FastTrack360 these are payees with a Tax Type of PAYG and a Payee Type of Individual Non Business).
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For labour hire payees and company contractors with a voluntary withholding agreementpayee type/income type of Labour Hire, allowances are never itemised and are always reported in gross earnings except if the Include in Gross Earnings on Business and Personal Services Payment Summary option is not ticked on allowance pay code, in which case the allowance is not reported at all. In FastTrack360, labour hire payees are payees with a Tax Type of PAYG and a Payee Type of Labour Hire while company contractors with a voluntary withholding agreement are payees with a Tax Type of Company and have the Voluntary Agreement option ticked in the Company Tax Details section of the Payee record. |
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