On Thursday 10.6.21, the ATO today issued Draft Taxation Administration – Single Touch Payroll – 2021-22 year Withholding Payer Number Exemption 2021 (STP 2021/D1) proposing to extend for another year (2021-22) an existing STP reporting exemption for the main (the mandatory) payments.
See below for further details.
The ‘Single Touch Payroll’ system is predicated on having an ABN, and not all persons with a ‘withholding payer number’ (WPN) has an ABN. They are allowed to comply with the regular withholding and reporting provisions and this extends the period that this can be done for, for another year.
Broadly, it will exempt entities, that have a withholding payer number (WPN), from reporting under STP for the 2021-22 financial year. More specifically, it will apply to any entity that:
- pays an amount referred to in column 1 of the table in s 389-5(1) of the TAA53;
- does not have an ABN; and
- has been assigned by the ATO a withholding payer number for the purposes of PAYG withholding.
The proposed Instrument extends this reporting exemption, for one more year (to the 2021-22 financial year).
The exempting instrument is being made under s389-10(1) of the TAA53.
The Explanatory Statement is here.
DATE OF EFFECT: 1 July 2021.
COMMENTS are due by 8 July 2021
[LTN 109, 9/6/21]