Single Touch Payroll (STP) - Full Year Final Submit. Final pay event (end of year)

When you are ready to finalise employee payments for the year, you can complete a final pay event.

NB The ATO have added a validation so you cannot submit more than 6 months into the future. EG You may want to do a Full year submit for the VA period when you are only halfway or less through the financial year. Instead of using the default dates enter the Payroll Period End Date and the Date payment made date as the end date of the VA period.

To be exempt from completing an annual payment summary you need to submit a final pay event. See the ATO's guidance on final pay events.

To submit a final STP pay event, do either of the following:

a) on the last pay run of the year, change the "final pay event for financial year" to "true"

b) complete a "full year submit"

The STP submission below shows the "final pay event for financial year" set to "True":

Once you successfully submit the STP event, the employee's my.gov account is updated to show a "Tax ready" status:

If you identify the need to amend details after making a finalisation declaration (i.e. Final pay event) you should submit these as soon as possible. You can do this by submitting an update event.

Note: If you have incorrectly submitted an final pay event, then submit a new STP submission with the final indicator removed. This will advise the ATO the current information is not final and should not be used to pre-fill tax returns.

Note:  If you are transitioning between job types you will need to do a Final Full Submission for the current CAC (eg VA). Future submissions for the new job type (eg CVL) will be submitted under the new CAC.

ATO Response Summary

For an explanation of the ATO response Summary please refer to this article STP - ATO Response Summary