Report Lump Sum E- not yet updated for Phase 2
FROM:
SINGLE TOUCH PAYROLL ‘PAYROLL REPORTING’ BUSINESS IMPLEMENTATION GUIDE (SINGLE TOUCH PAYROLL BIG)
PAGE 37
This represents the amount for back payment of certain amounts including a payment of salary or wages that accrued more than 12 months ago.
1. When an employee has a reported Lump sum E amount upon finalisation declaration after the end of the financial year, the employer must issue the employee with a letter detailing which amounts relate to which financial years. Refer to ATO website.
2. Where an employer makes multiple lump sum E payments for different income sources e.g. Individual Non-Business (INB) and Foreign Employment Income (FEI) a single YTD figure should be reported.
If not using MYOB®
Simply select the relevant STP Fields here. On the Assemble Income Statement Data (YTD) screen, manually add or import YTD data indicating the YTD amount for each Payee against each STP Field.