Set STP Start Date v4

Overview

The STP start date v4 controls the transition from STP Phase 1(v3) to STP Phase 2 (v4).

With STP v4, the Main Company is no longer used. Payers are identified via the Internal Company record only. This was necessary to optimise STP v4 performance.

For STP v4 you cannot set the date before 1st January 2021 AND you must enter the date that is no later than either 31 August 2022 or the date your independent deferral from the ATO.

Key point about switching to STP Phase 2

1. The date is aligned to your system date, ..also see point 3

   Example: If you set the date to 1 July 2022, but you close your first pay for 2022/23 before 1 July 2022, this will still generate an STP v3 submission.

2. Once you send the ATO a Pay Event or a current tax year Update Event to the STPv4 service, the ATO will no longer allow you to use the old STPv3 service.

   Exception: Only submission for past tax year Update Events and Finalisations Events will be accepted on the old STPv3 service.

3. All submissions sent to the STPv4 service are expected to comply with the STP Phase 2 business rules.

   Because we are now close to the end of the 2021/22 tax year, correcting nearly a year of historical data may not be palatable; in which case it may be preferable to commence using STP Phase 2 from the start of the 2022/23 tax year.

   However, opting to start exactly on 1 July 2022 poses issues with EOFY processes too, especially if you are unable to compete all EOFY processes and related submissions for 2021/22 before 1 July. It is therefore recommended to set the STPv4 start date to some time between 14th July and the deferral end date.

4. Pay Events and current tax year Update Events use the Submission date in relation to the STPv4 Start date to determine which STP service is used.

   This is because Pay Events are expected to be submitted on/before “pay day”.

5. Pay Events submitted after “pay day” are subject to late filing penalties and current tax year Update Events are used to show updated/corrected YTD figures as at the date of submission.
6. Past tax year Update events and all finalisation events use the tax year in relation to the STP v4 Start Date to determine which STP service is used. These submissions represent YTD figures as at the end of the tax year being reported

Topic: 44750