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From 1 July 2019, ATO have introduced a new Deductions schedule (DDCTNS) attached to an Individual tax return. If you're a claiming deductions in a 2019 individual tax return, you'll need to enter the details of the deduction as a line entry (granular) in this new DDCTNS schedule. This is a mandatory schedule for 2019 Individual tax return where you're claiming a deduction.

Changes in MYOB Tax

In MYOB Tax we've created new Deduction schedule(DDCTNS) within a 2019 Individual tax return.

Data entry for any Deduction label in an 2019 individual tax return is only via the new DDCTNS schedule.

Accessing the new DDCTNS schedule

You can access this like any other schedule from Preparation > Schedule > Deductions schedule (DDCTNS)

Using the DDCTNS schedule

If you're claiming a deduction in any of the labels below, you'll need to complete a DDCTNS schedule.

  • D1 Work Related Car Deductions
  • D2 Work Related Travel Expenses
  • D3 Work Related Clothing, Laundry and Dry Cleaning Expenses
  • D4 Work Related Self Education Expenses
  • D5 Other Work-Related Expenses
  • D6 Low Value Pool Deduction
  • D7 Interest Deduction
  • D8 Dividend Deductions
  • D9 Gifts or Donations
  • D10 Cost of Managing Tax Affairs
  • D12 Personal Superannuation Contributions
  • D13 Deduction for Project Pool
  • D14 Forestry managed investment scheme deduction
  • D15 Other Deductions

D11 Deductible Amount of Undeducted Purchase Price of a Foreign Pension or Annuity is not part of the deductions schedule. will be good to know why.

Data entry

Entering data in the DDCTNS schedule

You'll no longer be able to enter data via the Deduction labels.

All the information must be entered

  • using the DDCTNS schedule or
  • supporting worksheets like motor vehicle worksheet(mve) or depreciation worksheets

Each of these schedules are integrated to the new DDCTNS schedule to help you report it to the ATO. You can see additional repeating fields in the schedule to record the individual descriptions and amounts.

Number of records or repeatable groups in each deduction label

There is a limit on the maximum allowable records for each deduction label.

D1 only - If you have more than maximum allowable deduction items, consolidate and add the values of the extra items and enter in the schedule as one record.

Deduction itemWhat you did in 2018What you'll do in 2019Maximum number of records

D1 - Work related car expenses

For more than 10 deduction items, enter the first 9 items and consolidate the additional items and their values into one item.

  10
D2 - Work related travel expenses  20
D3 - Work related uniform, occupation specific or protective clothing, laundry and dry clenaing  20
D4 - Work related self-education expenses  20
D5 - Other work related expenses  50
D6 - Low value pool deductions  Not a repeatable group

D7 - Interest deductions

  20
D8 - Dividend deductions  20
D9 - Gift and donations  20
D10 - Cost of managing tax affairs  20
D12 - Personal superannuation contributions  25

D13 - Deductions for project pool

  20

D14 - Forestry managed investment scheme deduction

  20
D15 - Other deductions  100

Rolling over deductions from 2018 to 2019

Since the DDCTNS schedule will be lodged to the ATO the existing deductions schedule in 2018 will not rollover into 2019. This will avoid creating an entry in DDCTNS schedule with description but no amounts and lodged incorrectly to the ATO.

 

 
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