Dear ATO Board member
I find correction may be required and tax table applied is to be itemised to every payer, may owe the contractor to have reduced tax liabilities for not working the entire 12 months with the same employer in the income statement and payg summaries available in individual ATO portal .
My business engage Independent Skilled Professional to offer ICT services as Contractor for short term. ICT Professionals are finding difficult to find continous employment for the whole financial year(26-30 fortnights in a year). ICT professionals are offered full time opportunity as a short term contract to perform the required consulting services.
At the end of financial year when the combined income from all employers results in the employee being in a higher tax bracket than the tax tables each employer used.
My business estimated income is affected during the performance of ICT services at times thereby significantly reduced with activity variation on the number of service days due to early closure in project planned end date or ICT professional(contractor) not served the term days. The Super payment for the individual professional gets over paid during the contract term so as the payg.
I require your attention to review the ATO tax calculation applied in preparation of ATO payg summary for lodgement of tax return FY20-21 for individuals not worked for 12 months with one employer but full time during the performance of ICT services.
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