An enhanced EmployerTICK version 2 will be available from November.
EmployerTICK is an optional service used by employers (and their intermediaries) to validate employee identity details.
EmployerTICK version 2 will be deployed in Standard Business Reporting version 2(SBR2). Some of the potential benefits of using EmployerTICK version 2 include:
- the functionality to return a corrected tax file number
- simplified interactions
- maximised automation
- reduced costs.
SBR enables employers and tax professionals to report without having to log on to each individual government agency website and transcribe the information from their account systems into each agency's form. SBR2 is the current version.
The deployment of EmployerTICK version 2 in Standard Business Reporting 2 will occur in November.