ATO to take ‘flexible’ approach on STP Phase 2
Delivering his commissioner’s address at the Tax Institute’s 2021 Tax Summit, Chris Jordan acknowledged the expansion of single touch payroll comes at a busy time for practitioners. He said to combat the pressure, the Tax Office will ensure it takes a fair and flexible approach during the roll-out.
“This next phase will ease the reporting burden for employers who need to report information about their employees to multiple government departments. It will also help Services Australia customers, who might be employees, get paid the right amount at the right time,” Mr Jordan said.
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