V2300 - V2399 2024
V2300
Invalid day specified
Explanation | The day specified for the purpose of the interposed entity election cannot be earlier than the first day of the income year specified or later than the last day of the income year specified or earlier or later than the dates supplied for the substituted accounting period for the interposed entity. |
Form Type | Y YY |
V2301
Tax losses carried forward to later income years - Total is not equal to Part F Label K
Explanation | Tax losses carried forward to later income years - Total must be equal to the Total tax losses carried forward to later income years (Part F Label K). |
Form Type | BX |
V2305
Total tax losses carried forward to later income years (Part F Label K) is incorrect
Explanation | Total tax losses carried forward to later income years (Part F Label K) must be equal to Label A + B + C - L - D + E + F - G - H - I - J (in Part F). |
Form Type | BX |
V2308
Amounts in the Tax losses reconciliation statement for consolidated groups are incorrect
Explanation | In the Tax losses reconciliation statement for consolidated groups, the sum of Labels L, D, G, H, I and J must be less than or equal to the sum of Labels A, B, C, E and F. |
Form Type | BX |
V2311
Amounts in the Tax losses reconciliation statement are incorrect
Explanation | In the Tax losses reconciliation statement, the sum of Labels C, F, G, H, and I must be less than or equal to the sum of Labels A, B, D and E. |
Form Type | BP |
V2312
Required questions on the return form must be answered.
Explanation | When there is no electronic claim form indicator present, implying that the return is to be treated as a full Individual return, questions relating to capital gains, foreign entities and foreign source income must be answered. |
Form Type | EI |
V2312B
Unnecessary questions answered in the return.
Explanation | Where the electronic short form indicator is being used, for the claim/application to be valid, certain questions in the return form are not to be answered. They are: Did you have a CGT event during the year?, Did you have either a direct or indirect interest in a controlled foreign company (CFC)?, Have you EVER, either directly or indirectly, caused the transfer of property (incl. money) or services to a non-resident trust estate?, and During the year did you own, or have an interest in, assets located outside Australia which had a total value of AUD $50,000 or more? |
Form Type | EI |
V2313
Dividend amounts for the application for the refund of franking credits have not been provided
Explanation | The electronic claim form indicator has implied that the return is for a refund of franking credits, and yet the needed amounts for the dividends have not been provided. Unfranked dividends, franked dividends, franking credit or TFN amounts withheld from dividends amounts are needed to make a valid claim. |
Form Type | EI |
V2315
Criteria for a taxpayer to claim a refund of franking credits are not correct.
Explanation | When the taxpayer is claiming a refund of franking credits, the taxable income or loss amount (Label $) must be less than $18,201; the taxpayer must be an Australian resident for tax purposes, the amount of the franking credit (Item 11 Label U) must be less than $5,461 and the total tax offset amount must be zero. |
Form Type | EI |
V2316
Check age, residency and franking credit or taxable income amounts.
Explanation | For a valid refund of franking credit claim, where the taxpayer is younger than 18 years old, they must be an Australian resident for tax purposes, and the amount of the franking credit (Item 11 Label U) must be less than $126 and the taxable income or loss amount (Label $) must be less than $417. |
Form Type | EI |
V2317
Confirm valid schedules to be lodged with the presence of the electronic form indicator
Explanation | When making an application via the short form indicator, the only valid schedule to be attached is Schedule A. |
Form Type | A EI |
V2323
National rental affordability scheme tax offset amounts
Explanation | The total amount at National rental affordability scheme tax offset in the distribution statement (Label I) must equal the amount at National rental affordability scheme tax offset entitlement (Item 49 Label F). |
Form Type | EP |
V2324
Election commencement time is earlier than start of substituted accounting period
Explanation | The commencement time for the family trust election is earlier than the start of the substituted accounting period. |
Form Type | X XX |
V2328
Trustee details must be completed unless Status of fund or trust is "Non-regulated fund"
Explanation | Item 6, Trustee details must be completed unless Item 8, Status of fund or trust is "Non-regulated fund" |
Form Type | EF |
V2329
Member name missing
Explanation | An amount of zero or more has been reported at Total Contributions or at Closing Account Balance, and the member’s family name is not present. If the member details are incomplete add member family name. If member record added in error remove the member record. |
Form Type | MS |
V2347
Check type of trust and assessment calculation code
Explanation | Assessment calculation code 45 or 145 can only be used by Special Disability Trusts. |
Form Type | ET |
V2348
Check type of trust and assessment calculation code
Explanation | Assessment calculation code 45 or 145 can only be used by Special Disability Trusts. |
Form Type | ET |
V2349
Check type of trust
Explanation | Special disability trusts should not have income shown at income to which no beneficiary is presently entitled. |
Form Type | ET |
V2357
Spouse's ATI amount for Income test purposes is incorre
Explanation | For income test purposes, spouse's adjusted taxable income (ATI) is the sum of spouse's taxable income, spouse's adjusted fringe benefit (sum of spouse's reportable fringe benefits amounts x 0.510), spouse's target foreign income, spouse's tax-free pensions (exempt pensions plus other specified exempt payments), spouse's total net investment loss, spouse's reportable superannuation contributions less child support the spouse paid. For the benefit of other calculations, please ensure the ATI amount is correct. |
Form Type | EI |
V2360
Spouse's taxable income required for Invalid and invalid carer tax offset claim
Explanation | The combined adjusted taxable income of the taxpayer and spouse is used to assess eligibility for the Invalid and invalid carer tax offset. The spouse's taxable income is required to determine the combined adjusted taxable income. Where the taxpayer has indicated they have a spouse, please ensure the spouse's taxable income is present. |
Form Type | EI |
V2361
The spouse is not within the correct age range to have received a superannuation lump sum payment where the taxed element has a zero tax rate.
Explanation | The spouse must be between preservation age and 59 at the time they received a superannuation lump sum payment where the taxed element has a zero tax rate. |
Form Type | EI |
V2362
For the SAPTO claim, please provide the spouse gender
Explanation | Where the taxpayer is claiming for the Seniors and pensioners tax offset, and the tax offset code is indicative of the taxpayer having a spouse, the spouse gender must be provided in the spouse details section of the return form. |
Form Type | EI |
V2372A
The income requirement for non-commercial losses has not been met.
Explanation | For a resident taxpayer where the sum of taxable income or loss and the net loss amounts is greater than or equal to zero, the reported income for the purposes of the non-commercial losses income test is equal to $250,000 or more. Check loss codes used and/or amounts reported at the relevant labels. A copy of the formula used to calculate income for this test can be found at www.ato.gov.au/ncl |
Form Type | EI |
V2372B
The income requirement for non-commercial losses has not been met.
Explanation | For a resident taxpayer where the sum of taxable income or loss and the net loss amounts is less than zero, the reported income for the purposes of the non-commercial losses income test is equal to $250,000 or more. Check loss codes used and/or amounts reported at the relevant labels. A copy of the formula used to calculate income for this test can be found at www.ato.gov.au/ncl |
Form Type | EI |
V2372C
The income requirement for non-commercial losses has not been met.
Explanation | For a non-resident taxpayer where the sum of taxable income or loss and the net loss amounts is greater than or equal to zero, the reported income for the purposes of the non-commercial losses income test is equal to $250,000 or more. Check loss codes used and/or amounts reported at the relevant labels. A copy of the formula used to calculate income for this test can be found at www.ato.gov.au/ncl |
Form Type | EI |
V2372D
The income requirement for non-commercial losses has not been met.
Explanation | For a non-resident taxpayer where the sum of taxable income or loss and the net loss amounts is less than zero, the reported income for the purposes of the non-commercial losses income test is equal to $250,000 or more. Check loss codes used and/or amounts reported at the relevant labels. A copy of the formula used to calculate income for this test can be found at www.ato.gov.au/ncl |
Form Type | EI |
V2373
Total assessable discount amount missing.
Explanation | Where Discount from taxed upfront schemes - eligible for reduction (Item 12 Label D) is greater than $1,000 the Total assessable discount amount (Item 12 Label B) must be present. |
Form Type | EI |
V2374
ESS amounts are missing
Explanation | Where the Total assessable discount amount (Item 12 Label B) is present, there must be an amount in one of the following labels: Discount from taxed upfront schemes - eligible for reduction (Item 12 Label D), Discount from taxed upfront schemes - not eligible for reduction (Item 12 Label E), Discount from deferral schemes (Item 12 Label F), or Discount on ESS Interests acquired pre 1 July 2009 and 'cessation time' occurred during financial year (Item 12 Label G). |
Form Type | EI |
V2375
The Total assessable discount amount at label B must equal the sum of labels E, F and G where label D is blank.
Explanation | Where there is no value present for Discount from taxed upfront schemes - eligible for reduction (Item 12 Label D), the Total assessable discount amount (Item 12 Label B) must equal the sum of Discount from taxed upfront schemes - not eligible for reduction (Item 12 Label E), Discount from deferral schemes (Item 12 Label F), and Discount on ESS Interests acquired pre 1 July 2009 and 'cessation time' occurred during financial year (Item 12 Label G). |
Form Type | EI |
V2376
Check the total assessable discount amount for correct reduction amount
Explanation | The taxpayer has passed the ESS income test. However, the total assessable discount amount (Item 12 Label B) cannot be reduced by more than $1,000. |
Form Type | EI |
V2377
Check the Discount from taxed upfront schemes - eligible for reduction in reducing the assessable discount amount
Explanation | The taxpayer has passed the ESS income test. However, the total assessable discount amount declared (Item 12 Label B) cannot be reduced by more than the upfront discount amount declared at Discount from taxed upfront schemes - eligible for reduction (Item 12 Label D). |
Form Type | EI |
V2378
Reduction on the upfront discount amount has been disallowed
Explanation | Your income test amount exceeds $180,000. Consequently you are not entitled to a reduction on the upfront discount amount declared at label D. The Total assessable discount amount declared at label B must equal the sum of labels D, E, F and G. |
Form Type | EI |
V2379
Check ESS TFN amount withheld
Explanation | ESS TFN amount withheld (Item 12 Label C) cannot be greater than 50% of the sum of Discount from taxed upfront schemes - eligible for reduction (Item 12 Label D), Discount from taxed upfront schemes - not eligible for reduction (Item 12 Label E), and Discount from deferral schemes (Item 12 Label F). |
Form Type | EI |
V2380
Check Income from salary or wages, lump sum payments and Net foreign employment income amounts
Explanation | Where there is an amount greater than zero at Foreign Income tax offset (Item 20 Label O), the sum of income from salary or wages (Item 1), Employer lump sum payments - amount A in lump sum payment box (item 3 label R) and Other income - tax withheld lump sum (Item 24 Label E) must be equal to or greater than the amount at Net foreign employment income - payment summary (Item 20 label U). |
Form Type | EI |
V2381
Share of net rental property income or loss amounts missing or incorrect.
Explanation | Rental property income or deductions (Item 9 Labels F, G, X, H) are greater than zero and Net rental property income or loss (Item 50 Label H) and Share of rental property income or loss (Item 51 Label K) is missing. Where present the total amount of Share of net rental property income or loss amounts must equal the amount of Net rental income or loss. |
Form Type | EP |
V2382
Net financial investment income or loss details incorrect.
Explanation | Forestry managed investment scheme income (Item 10 Label Q) or Dividend income (Item 12 Labels K,L,M) or Deductions relating to Australian investment income (Item 16 Label P) or Forestry managed investment scheme deduction (Item 17 Label D) is greater than zero and Net financial investment income or loss (Item 50 Label G) and Share of net financial investment income or loss (distribution statement Label J) is missing. Where present the total amount at Share of net financial investment income or loss amounts must equal the amount at Net financial investment income or loss. |
Form Type | EP |
V2387
TOFA labels must be completed
Explanation | If code 'T' is entered at Item 10 Label S Other Income or Item 11 Label L Other Deductions, then the TOFA gains or losses labels at item 16 must be completed. |
Form Type | EF |
V2387A
TOFA labels must be completed
Explanation | If code 'T' has been entered at Item 11 Label S Other Income or Item 12 Labels L1 or L2 Other amounts, then the TOFA gains or losses labels at item 17 must be completed. |
Form Type | MS |
V2391
Check foreign source discounts amount
Explanation | The foreign source discounts amount (Item 12, Label A) cannot be greater than the total assessable discount amount (Item 12, Label B). |
Form Type | EI |
V2394
Confirmation of Superannuation Co-contributions indicator and amount needed.
Explanation | The Superannuation Co-Contributions indicator must be present only when the Income from investment, partnership and other sources for the Superannuation Co-Contributions is zero. This is so the co-contributions amount is calculated using the correct figure at Label F. The amount or the indicator need to be corrected. |
Form Type | EI |
V2395
Superannuation Co-Contributions indicator is missing
Explanation | Where the Income from investment, partnership and other sources for the Superannuation Co-Contributions is zero, the indicator must have a value of 'C' present. This is so the co-contributions amount is calculated using the correct figure at Label F. The amount or the indicator needs to be corrected. |
Form Type | EI |
V2396
Date of birth or date of death incorrect.
Explanation | Date of birth provided is later than the date of death. |
Form Type | ES MS |
V2397
Member reported more than once.
Explanation | Member must not be reported more than once. |
Form Type | MS |
V2398
Fund wound up date must be within year of assessment.
Explanation | The date the fund wound up must fall within the current financial year. |
Form Type | MS |
V2398A
Fund wound up date must be within year of assessment.
Explanation | The date the fund wound up must fall within the current financial year or approved substitute period. |
Form Type | EF |
V2399
Member TFN must not be the same as the Fund TFN
Explanation | The member TFN reported must not be the same as the Fund TFN. |
Form Type | MS |