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Jojo76's avatar
Jojo76
Contributing User
6 months ago

Long Service Leave on BAS

I am using Accountright. I have ETP-long service leave set up in Payroll categories with the ATO reporting category as ETP- Taxable Component. I have paid out LSL in the last quarter and am now completing the BAS for that quarter. Should the LSL show in the BAS at w1? It currently is excluded, but the PAYG figures are correct. 

3 Replies

  • Jojo76's avatar
    Jojo76
    Contributing User
    6 months ago

    So can you tell me what normally is long service leave set up as please and what ATO reporting category is it normally? Can you also tell me should the LSL show in the BAS at w1? It currently is excluded, but the PAYG figures are correct. 

     

  • ChrisMc's avatar
    ChrisMc
    MYOB Staff
    6 months ago

    The above link to the ATO PAYG withholding labels outlines that long service leave is included in W1

    For the ATO category, if the long service leave is part of a termination payment, use the "Unused Leave on Termination" category. Otherwise, select the ATO category "Other Paid Leave." We recommend creating two separate leave pay items to distinguish between these two types of leave

    W1 – Total salary, wages and other payments

    Include at W1 total gross payments from which you are usually required to withhold amounts. These payments include:

    • salary, wages, allowances and leave loading paid to employees (including those subsidised by JobKeeper payments)
    • director fees
    • salary and allowances paid to office holders (including members of parliament, statutory office holders, defence force members and police officers)
    • payments made by a labour hire firm to labour hire workers under a labour hire arrangement
    • employment termination payments
    • payment for unused annual or long service leave
    • payments to religious practitioners
    • superannuation (super) income stream
    • super lump sum
    • Commonwealth education and training payments.
    • attributed personal services income.

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