MYOB Tax 2021.0b SP2—Install guide and release notes (Australia)

ATO PLS specifications IITR version 1.2 and CTR version 1.3 implemented

The ATO has modified the following PLS validation tests and messages. The changes impact the 2020 and 2021 Individual returns and 2021 Company returns.

Individual return

• CMN.ATO.IITR.410003: (2020 & 2021) Total salary and wage expenses (P15) or total business expenses (P8) is incorrect
  CMN.ATO.IITR.630003 (2021 only): The threshold amount for Australian Government allowances and payments is updated from $22,106 to $40,000.

Company return

• CMN.ATO.CTR.500236: Validation test implemented to include the threshold for backing business investment incentive.
  
• CMN.ATO.CTR.500237: Validation test implemented to include the threshold for Instant asset write off deductions.

Rates

We've updated the following rates:

• 2021 Q2: CPI rates
• 2021 Q3: Foreign exchange rates (end of 2021 financial year)
• 2021 Q3: Interest on early, overpayments, and delayed refunds rates for 2021 Q3.

Client update forms

• CUREL: ABN and Branch code field added to the form in Individual returns. Both fields are mandatory when Add activity statement client option is selected.
• CUREL: Due to the changes to the Client update forms, we've implemented F3 validation to check for mandatory fields - ABN and Branch code when Add activity statement client option is selected.
• CUDTL: The CUDTL form is removed from Partnership, Trust, Funds, and SMSF return. There are no changes to the individual tax returns.

500 Internal error during lodgment

• When lodging tax returns, the returns were stuck at Transmitting status and showing 500 internal error. This error was happening when there is a Foreign employment income (fei) worksheet in the tax return. This is now fixed

Company returns

• Loss carry back worksheet: The Tax rate 2019 -20 or the company tax rate in the tax loss year in the first component in the loss carry back worksheet was defaulting to 30% when the Base rate entity question is left blank or answered N on the Front Cover. This is now fixed.

• V1221: Invalid overseas address country code (Business address) was incorrectly appearing when the business address is an overseas address and the postal address is an Australian address. This is now fixed

Individual returns

• In the depreciation worksheet, the Opening Written Down value for 2021 is not showing last year's closing balance. This is now fixed.
• Working holidaymaker calculation issues fixed.

Trust returns

• Low income offset was incorrectly appearing for Deceased estates within 3-year concession. This is now fixed.

Printing issues

• Company tax return: Item 8X, 13O, and 13P were printing incorrectly. This is now fixed.
• Individual tax return: Item P11 and Item 3R were printing incorrectly. This is now fixed.

Individual return

• IITR.730355: Foreign pension or annuity income details are incomplete. This issue was occurring when the Foreign pensions or annuities (fpa) worksheet contained a description but no amounts 
  F3 validation implemented in MYOB Tax.
• CMN.ATO.IITR.730084: Gross interest amount is incorrect. This issue occurred where the number of account holders = 1, and gross interest does not equal your share interest.
  F3 validation implemented in MYOB Tax.
• CMN.ATO.IITR.730236 and CMN.ATO. IITR.730243- Business - labour hire or other specified payments must be provided.
  F3 validation implemented in MYOB Tax.
• CMN.ATO.IITR.730239 and CMN.ATO.IITR.730495- PSI - labour hire or other specified payments must be provided.
  F3 validation implemented in MYOB Tax.

• CMN.ATO.IITR.311085: Total CGT discount applied amount is incorrect.
  F3 validation implemented in MYOB Tax.

• CMN.ATO.IITR.730412: This issue was occurring when there were cents in the dim schedule. This is now fixed.

• CMN.ATO.IITR.730086: Exempt foreign employment income amount is incorrect. This is now fixed

Company returns

• CMN.ATO.IDS.440081: Branch operations information is required.
  F3 validation implemented in MYOB Tax.
  

• CMN.ATO.CTR.500225: Opening franking account balance must be greater than or equal to 0.
  F3 validation implemented in MYOB Tax.
  
  

Multiple returns (Partnership, SMSF)

• CMN.ATO GEN.410002 - Address Line 2 must be present if Address Line 1 contains 'C/-'
  F3 validation implemented in MYOB Tax.

Client update form (CUREL)

• CMN.ATO.CUREL.000004 - Client Account Identifier and Client Account Sequence Number not provided. This error occurred in CUREL forms when selecting add for activity statements.
  We've added ABN and ABN Division number fields to the form (for individuals), and you'll receive a validation error (when pressing F3) if these fields are not completed.