Budget 2018 update – Additional funding for Single Touch Payroll to assist small businesses

Single Touch Payroll will commence for employers of over 20 people on 1 July 2018.

The Government will provide an addition $15 million over 3 years from the 2018-19 income year to the ATO to support the modernisation of payroll and superannuation fund reporting.

Single Touch Payroll will commence for all remaining employers in 1 July 2019.

The funding will be used to support small businesses with fewer than 20 employees during the transition to Single Touch Payroll Reporting from 1 July 2019.

Source: Budget Paper No 2 [p 185]

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