5 months ago
STP Reporting - Novated Lease deduction
Hi there
I have a question about Pre-Tax Novated lease deductions which are set up as "Not reportable" (as per MYOB guidelines) however the employee expects his total gross wages will be reported as (gross wages-pretax deduction) but employee's gross wages are being reported as full amount without pretax deduction.
I have done some searching on this community forum and it seems that I should be changing the novated lease deduction STP code to "Other Employee Benefits", which I did, but this didn't reduce the Gross Wages for the 2024 for the employee.
Can someone shed some light on how to reduce the gross wages in STP?
Thanks
Matina