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  • STP finalisations are now overdue

    End-of-year Single Touch Payroll (STP) finalisations for the 2020-21 financial year were due by 14 July, or 31 July if you were affected by COVID-19 and needed additional time. This excludes closely held payees.

    Paid employees rely on your payroll data information to complete their tax returns.

    If you are yet to submit your finalisation declaration, you need to do so urgently using your STP-enabled software. Once completed, let your employees know that their information will display as ‘Tax ready’ in their ATO online accounts and that they are able to lodge their tax returns.

    If your employees use data that is ‘Not tax ready’ to lodge their tax returns, they may need to amend their tax return later and might have to pay additional tax.

    If you've changed software providers during the financial year, you need to make sure all your STP data has been finalised without omissions.

    We recognise the effect COVID-19 is continuing to have on NFP organisations, however it is important that you finalise all STP data now to ensure your employees can lodge their tax returns.

    If you are unable to finalise your STP data at this point, you may be eligible for a deferral.

    Next steps:

    See also:

    Last modified: 30 Jul 2021QC 66518