Hi TheTeaLady
That is correct, that pay event would just need to remain sitting in there.
Correct, the ATO is concerned with the YTD amount. When corrections are made you can either complete a $0 pay run or wait for the next pay run. More details in the linked article.
I hope this clarifies. Feel free to utilize the forum if you have other inquiries or advice.
Hi Theresa, sorry but the replies all seem to indicate the overstated amount can be corrected in ongoing pay-period(s). We have a situation whereby the PAYGW declared on a pay-run will exceed what the annual total will be for the entire fin year. So lodging zero or encompassing this overstatement into future STP pay-runs with the ATO wont work. Is there a way that you know of this can be fixed in the STP area of teh tax portal. Thanking you... Michael
Hi MikeyT
Thanks for your post. STP reports the Year-to-date (YTD) amounts each time you declare a payrun and the only amounts the ATO are interested in are the YTD amounts. If an error has been made in a payrun, you can either delete or reverse that pay, then reprocess the pay correctly which will update and correct the YTD amounts in STP. Another option for correcting errors is to create an update event by processing a $0 pay.
The ATO Business Portal will show all payruns as they don't allow deletion of STP reports. However, as they are only looking at the YTD amounts you just need to ensure those figures are correct at all times. You can check that the YTD amounts are correct by going to the Payroll reporting centre and downloading the report for the most recent report sent.
Please let me know if you need further help.
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