Under Single Touch Payroll, employers accounting software will automatically report payroll to the AT0 when employees are paid.
This will eliminate the need for employers to repon employee related Pay As You Go Withholding (PAYGW) in their activity statements throughout the year and employee payment summaries at the end of the year.
However. the government has advised that it has become aware that a start date at July 2016 will not be available for many businesses.
It also recognises the cash-ﬂow implications for business or real time payments, and will therefore only be consulting further on real time reporting. with voluntary real time payments as an option.
It has asked Treasury and the ATO to consult with business and the software industry on the scope and liming tor the Single Touch Payroll initiative. with targeted pilots maybe starting from July 2016.