06 / 6 / 2016
You are likely to receive a letter from the ATO advising you that the Electronic Commerce Interface (ECI) is closing at the end of this financial year. Electronic Commerce Interface (ECI) used to communicate end of financial year Payment Summary information will be replaced by a new interface called Standard Business Reporting (SBR).What does this mean?
This new SBR method of communication to the Australian Taxation office (ATO) will progressively be used for all communication between businesses and government agencies. The intention is to have a more efficient and scalable communication platform that applies between and across agencies and business.
What do I need to do?
If you select us to manage your PAYG Payment Summaries, no action is required. Our systems will accommodate the new ATO requirements and PAYMENT Summaries details will be provided to the ATO through the required interface.
If you are producing your own PAYG Payment Summaries, you will need to provide paper details to the ATO together with an annual return.