Single Touch Payroll (STP) reporting has been expanded. This is known as STP Phase 2.
If you're not already on board, our resources will help you as an employer to get ready for the changes. They include:
- updates to the STP Phase 2 employer guidelines
- new web content to help with reporting, featuring a new series of short, topic-based videos.
While STP Phase 2 reporting began on 1 January 2022, you can only start STP Phase 2 reporting when your Digital Service Provider (DSP) updates the payroll product you use. If your DSP has a deferral, it will cover you. They'll let you know if they have a deferral, and when it’s time for you to start.
We expect many employers will be transitioning to STP Phase 2 in the coming few months. It's important you understand the changes and get ready to report the additional information and follow your provider’s instructions.
For more information visit www.ato.gov.au