I am confused regarding the monthly declaration requirement for Job Keeper subsidy. On ATO website, it says no need to redo the turnover test once it's satisfied. However, companies are required to provide monthly declaraiton. Then what is the monthly declaration used for?
For example, if a company turnover dropped by 30% in March, 20% in April and 30% in May, it needs to report non-eligible for job keeper in April and re-enroll in May?
Please kindly classify.
Hi @Vanboo
We do understand this can be a confusing time and there is so much information available.
The monthly turnover test is not a retest of your eligibility, but rather provides an indication of how your business is progressing under the JobKeeper Payment scheme.
Each month you must:
Ensure you have paid your eligible employees at least $1,500 per eligible employee per fortnight.
Log in to the Business Portal to
review the number of eligible employees for each JobKeeper fortnight
update your eligible employees if any of your eligible employees change or leave your employment
provide your current and projected GST turnover
re-confirm your contact and bank details for payment.
There are JobKeeper guides available to provide you with the steps to enroll and your requirements each month.
I hope this information helps you, SueO ATO
JobKeeper guide - sole traders
Each month you must complete a business monthly declaration to be able to keep claiming JobKeeper payments. You must do this in the first 14 days after the month you are claiming for ends. Your tax or BAS agent can also make the business monthly declaration for you.
Make your declaration by the 14th of each month
Log into ATO online services through myGov, or the Business Portal using myGovID.
View the COVID-19 screen and select Step 3 – Business monthly declaration for JobKeeper payment.
Re-confirm your reported eligible employees and business participant (if you have them).
If you need to update details for eligible employees or the eligible business participant, select Maintain employees.
Provide your business' GST turnover for the month you are declaring and following month's projected GST turnover.
Re-confirm your financial institution details for receiving JobKeeper payments.
JobKeeper guide - employers reporting through STP
Step 3: Make a business monthly declaration
Each month you must complete a business monthly declaration to keep claiming JobKeeper payments. You must do this in the first 14 days after the month you are claiming for. Your tax or BAS agent can also make the business monthly declaration for you.
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