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Description

Lodgement and payment (if applicable) of the 2019-20 electronic annual reconciliation is due on 21 July 2020. This video explains the lodgement process including what to do if you are eligible for payroll tax relief in response to coronavirus.

Transcript

The Victorian Government has announced a number of payroll tax relief measures in response to coronavirus.

More information about these measures is available at sro.vic.gov.au/coronavirus.

Please note that despite these measures, businesses are still required to continue declaring taxable wages in their monthly returns and lodge a payroll tax annual reconciliation for the 2019–20 financial year.

Customers who have claimed coronavirus relief before lodging their annual reconciliation return only need to lodge an abbreviated return. There are 3 steps to the abbreviated return:

  • Review your details
  • Enter your wages
  • Lodge your return

Review your details and ensure they are correct and up-to-date.

This includes checking your employer details, Victorian and interstate reconciliation periods and contact information.

Enter your wages for the full 2019–20 financial year or part year if you commenced or ceased employing in the 2019–20 financial year.

More information about what to declare is available by selecting the hover text icons next to each of the wage components.

Please note that there is an exemption available for payments made under the Australian Government’s JobKeeper program. For more information on this measure, go to sro.vic.gov.au/coronavirus.

If you paid interstate wages, enter those wages here, select the states or territories you employed in and the state or territory your head office was in during 2019-20.

Provide an estimate of your Victorian and interstate wages for the 2020-21 financial year.

If you are a regional employer, check this box. You will need to enter a breakdown of your regional wages.

If you have already claimed coronavirus relief you will lodge the annual reconciliation return at this point.

There are additional steps to lodging the 2020 payroll tax annual reconciliation for customers who have not yet claimed, or are not eligible for coronavirus relief. These include:

  • Reviewing payments
  • Reviewing the calculation
  • Lodging and
  • Paying, if applicable.

Review  the payments you made during the 2019-20 financial year. If there is a discrepancy, amend your total here and provide details in this text box.

Review the calculation. Select this checkbox if you want to claim the waiver of payroll tax payments for 2019-20 as part of the Victorian Government’s coronavirus relief measures.

Lodge the annual reconciliation return. You can download a copy of the return here for your records, and add feedback about the lodgement process here.

Even if you are claiming coronavirus relief, you still need to lodge the annual reconciliation return.

Please note that additional information is required if you are a payroll tax group member, such as the group’s reconciliation period and group wages.

Select lodge to submit your return.

Lodgement and payment, if applicable, is due by 21 July 2020.

For more information about the annual reconciliation, and the coronavirus relief measures, please visit our website at sro.vic.gov.au.

Last modified: 3 July 2020
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