Forum Discussion
MaxxMusic
2 years agoContributing Cover User
Hi BalmoralPnC ,
If you're using STP Phase 2 you don't need to SEND the TFN declaration to the ATO anymore, however, according to what I have read, you still have to have a copy on file! Annoying!!
Taken from this link: https://www.ato.gov.au/Business/Single-Touch-Payroll/Expanding-Single-Touch-Payroll-(Phase-2)/
Benefits of STP Phase 2
Benefits for employers
We'll use the STP Phase 2 information to streamline employer interactions. For example:
- You'll no longer have to send us your employees' tax file number (TFN) declarations. Your employees will provide it to you, and you'll need to keep it with your employee records.