As a taxpayer seeking assistance under the Government’s COVID-19 stimulus package, it is important you: are aware of your obligations to the Australian Taxation Office (ATO)
The ATO administration of the JobKeeper on behalf of the Federal Treasury, is bordering on being objectionable.
ATO has issued JobKeeper guidance on how it will apply compliance resources against schemes set out to obtain access to the JobKeeper payment. An entity’s entitlement to JobKeeper payment may be denied in whole or in part under section 19 of the Coronavirus Economic Response Package (Payments and Benefits) Act 2020.
Persons who have been financially affected by COVID-19, may be able to access their Super and apply for up to $10,000 in 2019–20 and up to a further $10,000 in 2020–21. Access will be subject to Eligibility tests divided into 2 categories:
The ATO position is that Taxpayers can satisfy the fall in turnover test in two ways:
The situation surrounding JobKeeper and other stimulus measures for the COVID-19 crisis continues to receive frequent news and updates as new advice is issued.
This involves a 2-step process:
Step 1 – Enrolment: From 20 April 2020, self-employed persons can ‘enrol’ with the ATO for the JobKeeper payment using the Business Portal and authentication with your myGovID. This must be processed by the end of April 2020 in order to claim thee JobKeeper payment.
Compliance Tests for JobKeeper eligible employees
To determine if you are an eligible employee two tests must be satisfied at different times:
1. First the 1 March 2020 test and
2. Thereafter the JobKeeper fortnight test.
Initially this is a 2-step process:
Step 1 – Enrolment: From 20 April 2020, employers can now ‘enrol’ with the ATO for the JobKeeper payment using the Business Portal and authentication with your myGovID. Employers must do this by the end of April 2020 in order to claim JobKeeper payments for eligible employees for the month of April.