Salary Sacrifice amount included in gross wages - how to fix at end of year
Just about to finalise end of year STP reporting and found that the amount salary sacrificed through the year for 2 employees has not deducted from the gross wages as it should have. This is non superannuation salary sacrifice. Appears that the deduction has been included in the tax calculation. I have updated so that it is compatible with STP 2 with the new required category as opposed to not reportable. I have updated the category to show the deduction is not included for taxation purpose and then done a 0.00 pay run for the employee but it has not corrected. Can anyone suggest a fix for this.
Hi Kate_Beaumont and Alby97
If you check the ATO website for STP Phase 2 - salary sacrifice, you will see that Gross Amount must now be the pre-salary sacrifice gross amount as this is what SG should be based on. The ATO will deduct the Salary sacrifice amount from the Gross Amount to arrive at the correct Taxable Income. This is one of the many differences in Phase 2.
Regards
Gavin
