FBT Reporting
FBT is reported in Single Touch Payroll based on the FBT year.
This is same way that FBT has always been reported on Payment Summaries, i.e. even through the Payment Summary is for the July - June Financial year, the FBT amount is reported on an April - March Financial year.
Below is a table showing an example of how FBT will be reported in Pay Events
Pay Date | FBT Amount on Pay | STP FBT Amount |
15/02/18 | 0.00 | 0.00 |
15/03/18 | 5000.00 | 5000.00 |
15/04/18 | 0.00 | 5000.00 |
15/05/18 | 1500.00 | 5000.00 |
15/06/18 | 0.00 | 5000.00 |
15/07/18 | 0.00 | 1500.00 |
In the above scenario there had been no FBT payments prior to the March Pay.
