Institute of Certified Bookkeepers

Direct Quote from TPB:

The TPB is of the view that the single touch payroll law changes come within the definition of a BAS service under the Tax Agent Services Act 2009 (TASA) or is a service that has been declared as a BAS service through the TPB's legislative instrument. This view is based on our understanding that the outcome of the single touch payroll law changes is that:

  • ordinary time earnings (OTE), salary and wages and PAYG withholding information will be reported to the ATO in ‘real time’
  • super contribution information can be reported to the ATO when payments are made to the fund; and
  • new employers will have the option of completing TFN declarations and super choice forms online

With the exception of OTE and salary and wages reporting (which are factual and do not involve the application of taxation laws), PAYG withholding falls within the definition of a BAS provision in section 995-1(1) ITAA 1997 (noting that ‘BAS provision’ is an element of what is a BAS service in the TASA) and super contributions and TFN declarations now fall under the definition of a BAS service as per the TPB's legislative instrument.

References

  • Updated: 11th August, 2017
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