STP Phase 2 - transition after EOPY 2021

[Jen_M]

Hi,

We are planning on changing to STP 2 from 1 July.  Will we need to finalise payroll for 2020-2021 (in STP 1) before we changeover?

Thanks,

Jenny

[Sam_R · Accepted solution]

Hi @Jen_M,

Thank you for your post.

You can change over to STP Phase 2 anytime before our deferral date - 1 January 2023.

If you wish to transition from 1 July, you don't need to finalise your payroll before doing this.

If you have any further queries on this, please let me know. 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

[Jen_M]

Hi @Sam_R ,

I understand that we can transition to STP 2 at any time.  However, I have been told recently that if we transition to STP 2 before finalising wages for 2021-2022, we will then need to finalise our 21-22 payroll in STP 2 using STP 2 reporting.  Is this correct?  We are still reporting under STP 1 to the end of this month and will have new payroll categories for the disaggregation of gross for STP 2.

Thanks,

Jenny

[Sam_R]

Hi @Jen_M,

Apologies for the delayed reply. 

Correct! If you were wanting to finalise your 21-22 payroll in STP Phase 1, you'll have to transition to STP Phase AFTER you've finalised.

If you had any further queries, please do reach out.

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.