Forum Discussion

lost_in_ar's avatar
lost_in_ar
Contributing Cover User
5 years ago

20 21 Payroll Year Tax Tables

Hello Folks My understanding is that the payroll tax tables update automatically as of today 1 July 2020. However when Set Up> General Payroll Infomration is checked, it has Tax Table Revision Date...
Payroll
  • gavin12345's avatar
    gavin12345
    5 years ago

    Hi lost_in_ar 

     

    This has caused much confusion today as MYOB previously said this will all happen at 10 am AEST today.

     

    According to a recent post by a moderator late this afternoon, the tax tables don't actually update by themselves. It is not until you go to Process Payroll and set a Payment date of 1 July 2020 or later. At this point MYOB detects you are now processing payroll for the new payroll year and it updates the Payroll Year and the tax tables.

     

    Regards

    Gavin

gavin12345's avatar
gavin12345
Ultimate User
5 years ago

Hi lost_in_ar 

 

This has caused much confusion today as MYOB previously said this will all happen at 10 am AEST today.

 

According to a recent post by a moderator late this afternoon, the tax tables don't actually update by themselves. It is not until you go to Process Payroll and set a Payment date of 1 July 2020 or later. At this point MYOB detects you are now processing payroll for the new payroll year and it updates the Payroll Year and the tax tables.

 

Regards

Gavin