PAYG Withholding annual reporting exemptions: Single Touch Payroll optional year (Cth)

Legislative Instrument

PAYG Withholding annual reporting exemptions: Single Touch Payroll optional year

I, Deborah Anne Jenkins, Deputy Commissioner of Taxation, make this instrument under subsection 16-153(6) and section 16-180 of Schedule 1 to the Taxation Administration Act 1953.

Deputy Commissioner of Taxation

Dated: 13 February 2018

1. Name of instrument

This instrument is the PAYG Withholding annual reporting exemptions: Single Touch Payroll optional year.

1. Effective dates

This instrument commences on the day after its date of registration.

1. Application

This instrument applies to entities required to give:

1.an annual report to the Commissioner under section 16-153 of Schedule 1 to the Taxation Administration Act 1953, and/or

2.payment summaries to payees under section 16-155 of Schedule 1 to the Taxation Administration Act 1953

within the class of cases described below.

Class of cases

Entities that, on a voluntary basis, report amounts as prescribed in section 389-5 of Schedule 1 to the Taxation Administration Act 1953 for all or part of the period between 1July 2017 to 30 June 2018 by no later than 14 August 2018.

1. Annual reporting and payment summaries

For the year ended 30 June 2018, entities within this class of cases will not be required to:

1.Include amounts and information so reported in an annual report to the Commissioner under section 16-153 of Schedule 1 to the Taxation Administration Act 1953, or

2.give annual payment summaries under section 16-155 of Schedule 1 to the Taxation Administration Act 1953 for amounts so reported.