Does your reporting date fall between 7 and 18 December 2020?
10 November 2020
You may need to make a one-off calculation when you report due to changes to income reporting.
From 7 December 2020, the way you report your employment income is changing.
This change means you may need to make a one-off calculation when reporting between 7 and 18 December 2020. This will make sure you don’t report the same income twice.
You’ll need to do this one-off calculation if both of the following apply:
- you reported earned employment income for a period before 7 December 2020
- your employer paid you the income after 7 December 2020.
We have an online calculator you can use to help you make this one-off calculation.
You won’t need to use this calculator if you report using either your:
Our online services will help you make this one-off calculation.
Your last reporting day was 1 December 2020. On this day you reported the income you earned between 18 November and 1 December.
You did this because under the old rules you reported income you earned, that your employer hadn’t paid you yet.
On 10 December, your employer paid you $800 gross for the period 27 November to 10 December.
So that you don’t report the income you earned between 27 November and 1 December twice, you need to do a one-off calculation.
Do this by adding up how much you earned between 27 November and 1 December. Take this amount away from the gross amount your employer paid you on 10 December.
The calculation would look like this:
- $800 of gross income paid to you
- - $200 of earned income you reported on 1 December
- = $600 which you report on 15 December.
This is a calculation you’ll only do once, for your reporting period that includes 7 December 2020.
For more information, read about:
- how reporting your employment income is changing from 7 December 2020
- income reporting if you’re unsure how to report your employment income.
Page last updated: 11 November 2020
This information was printed 21 January 2021 from https://www.servicesaustralia.gov.au/individuals/news/does-your-reporting-date-fall-between-7-and-18-december-2020. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.