This schedule is used to report details on voluntary agreements; labour, hire or other specified payments; amounts withheld where no ABN has been quoted; and attributed Personal Services Income. Only one schedule should be attached to a return form.
Individuals may show entries for both Personal Services income (code P) and business income (code B). These amounts must correspond to the amounts shown at Items 9, 14, 15, P1 and P8 on the Individual return.
Non-individual PS schedules will only show details of amounts withheld where no ABN has been quoted for income of a business nature.
When completing the Payment summary schedule, all the details of the payment are required for lodging by the approved electronic channel ELS or PLS. For all income returns to which the Payment Summary Schedule applies (C, F, I, SMSF, P and T), whole dollars only are required for Tax withheld due to:
No ABN quoted, and
Foreign resident withholding (excluding capital gains).
Dollars and cents are permitted for tax withheld only on certain types of Personal Services Income (PSI) in the individual return. These are:
The Payment Summary Schedule (ps) integrates to all main return types. At the labels listed here data cannot be entered into the return but you should press [Enter] to open and complete the schedule PS:
|Partnerships & Trusts|
The Non-Individual Payment Summary is not deleted using Preparation > Delete schedules. To clear the payment Summary and values integrated to the return, open the schedule and delete the details from it. If you wish to retain the text, then delete the values from the $ amount fields only.
The fields in the Payment Summary Schedule are defined below:
|Payer Name||Enter the name of the entity or person (as stated on the Payment Summary) who withheld tax payments.|
|Payer ABN/WPN||Enter the ABN or Withholding Payer Number of the payer.|
|Inc. Type||Indicate the income type by entering B for Business income or P for Personal services income to indicate the nature of the income earned by the taxpayer. There are three tests to determine whether the income is personal services income.|
|Tax Deducted||Enter the tax withheld during the year by the payer.|
Enter the payment amount in the correct column for the category of income, either:
Press [F10] to indicate one of the following payment types:
This schedule can be pre-filled using the Pre-fill Manager. The Pre-fill Manager enables you to download pre-fill reports for clients using the Practitioner Lodgment Service (PLS). You can view these reports in PDF format, and populate the pre-fill information into the client's Tax return. For more information on pre-filling, see Pre-fill Manager.
Tax Pre-fill is dependant on available ATO data. Validate the Tax return by pressing [F3] for a list of the imported values and any errors before lodgment.