V2400 - V2499 2024

V2400 - V2499

V2400

Member TFN must not be reported more than once.

Explanation	The member TFN reported must not be reported more than once.
Form Type	MS

V2401

Member TFN must not have fewer than 9 characters.

Explanation	The member TFN reported must be an individual. The members TFN cannot be fewer than 9 characters.
Form Type	MS

V2402

Audit date incorrect.

Explanation	Audit date must not be prior to year of return or after date of lodgment.
Form Type	MS

V2403

Check Member information.

Explanation	Account status and Family name must be provided for all members.
Form Type	MS

V2405

Check salary and wages income.

Explanation	Where a taxpayer is claiming an amount for net foreign employment income, there must be an amount at Salary and Wages income.
Form Type	EI

V2406

Date of death must be less than or equal to today's date

Explanation	The date entered is a future date, date of death cannot be in the future.
Form Type	MS

V2407

Schedule G not attached

Explanation	At least one beneficiary’s information must be attached.
Form Type	G TD

V2408

Check beneficiary TFN

Explanation	The TFN provided for the beneficiary should not be the same as the TFN of the trust.
Form Type	G TD

V2409

Tax file number missing

Explanation	If the trustee reporting tax file number information beneficiary TFN must be present.
Form Type	G TD

V2410

Reporting period incorrect

Explanation	The ‘from’ date of the reporting period must be earlier than ‘to’ date.
Form Type	TD

V2412A

Individual family name missing

Explanation	Individual entities must complete family name/surname field.
Form Type	G

V2412B

Non-individual name missing

Explanation	Non-individual entities must complete non-individual name field.
Form Type	G

V2413A

Amount withheld and total payments for the beneficiary must be present

Explanation	Amount withheld and amount of payments for the beneficiary must be present for the annual report.
Form Type	G TD

V2413B

Amount withheld and total payments for the beneficiary must not be present

Explanation	Amount withheld and amount of payments for the beneficiary must not be present for the quarterly report.
Form Type	G TD

V2414A

Total withholding amount and total payments amount must be present

Explanation	Total amount withheld and total amount of payments must be present for the annual report.
Form Type	TD

V2414B

Total withholding amount and total payments amount must not be present

Explanation	Total amount withheld and total amount of payments must not be present for the quarterly report.
Form Type	TD

V2416A

Family name must be present

Explanation	Title, first name, other given names or suffix is present without the family name.
Form Type	G

V2416B

First name must be present

Explanation	Other given name/s present without the first name.
Form Type	G

V2416C

Both family name and company name present

Explanation	Family name and non-individual name are both present. Only individual or non-individual name may be present.
Form Type	G

V2416D

Name must be present

Explanation	Family name or non-individual name must be present.
Form Type	G

V2418

Beneficiary identification details required

Explanation	The beneficiary tax file number or current postal address is present, but there is no family name or non-individual name present.
Form Type	G

V2419A

Residential address is required

Explanation	Residential address must be present for individual beneficiaries for the TFN report.
Form Type	G TD

V2419B

Non-individual address is required

Explanation	Business address must be present for non-individual beneficiaries for the TFN report.
Form Type	G TD

V2420

Date of birth missing

Explanation	Date of birth must be present for individual entities for the TFN report.
Form Type	G TD

V2421

Date of birth must be less than or equal to today's date

Explanation	The date entered is a future date. Date of birth cannot be any day in the future.
Form Type	G

V2422

Items completed are not required for closely held trust reporting.

Explanation	Monthly or quarterly statement code is 'T' and there are amounts at Summary of amounts you owe the ATO (5A, 6A, 7) or Summary of amounts the ATO owes you (5B, 6B) or PAYG tax withheld (W1, W2, W4). These items are not required for Closely Held Trust reporting.
Form Type	GB

V2423

Other amounts withheld (W3) required.

Explanation	Monthly or quarterly statement code is 'T' and there is no amount at Other amounts withheld (W3). This item is required for Closely Held Trust reporting.
Form Type	GB

V2424

BSB Number, Account Number and Account Name must all be present

Explanation	Information has been provided at BSB number, or account number, or account name, however, not all of the information is present. Check BSB number, account number, and account name and input the missing information.
Form Type	EB EC EF EI ET

V2425

Duplicate amendment indicator

Explanation	This Amendment Indicator duplicates an amendment previously sent and accepted for this TFN and year of return.
Form Type	EB EC EF EI EP ET MS

V2426

Amendment Indicator, Amendment Type Indicator and Reason for Amendment are required if requesting an amendment

Explanation	If requesting an amendment the Amendment Indicator, Amendment Type Indicator and Reason for Amendment must be completed. If not lodging an amendment, the Amendment Indicator, Amendment Type Indicator and Reason for Amendment are not required.
Form Type	EB EC EF EI EP ET MS

V2429

Share of credit for TFN amounts withheld from payments from closely held trusts is incorrect

Explanation	The sum of Share of credit for TFN amounts withheld from payments from closely held trusts in the distribution statement (Label O), is not equal to Credit for TFN amounts withheld from payments from closely held trusts (Item 8 Label O).
Form Type	EP

V2429A

Share of credit for TFN amounts withheld from payments from closely held trusts is incorrect

Explanation	In the distribution statement the sum of Share of credit for TFN amounts withheld from payments from closely held trusts (Label O - beneficiary entitled and no beneficiary entitled) is not equal to Credit for TFN amounts withheld from payments from closely held trusts (Item 8 Label O).
Form Type	ET

V2435

Total TOFA gains, Total TOFA losses or gains from unrealised movements is required

Explanation	You have entered an amount at one of the TOFA labels in Item 7. If you enter an amount at one or more of these labels you must include an amount in one or more of the following labels: Total TOFA gains, Total TOFA losses or gains from unrealised movements in the value of financial arrangements.
Form Type	EC

V2436

The amount at the Tax on no-TFN-quoted contributions field is incorrect

Explanation	A 'yes' response has been given to the Australian superannuation fund question however the No-TFN-quoted contributions amount is greater than zero and Tax on no-TFN-quoted contributions is not equal to No-TFN-quoted contributions amount multiplied by 0.020 or 0.34.
Form Type	EF MS

V2437

The amount at the Tax on no-TFN-quoted contributions field is incorrect

Explanation	A 'no' response has been given to the Australian superannuation fund question however the Tax on no-TFN-quoted contributions amount is not equal to No-TFN-quoted contributions amount multiplied by 0.020.
Form Type	EF MS

V2438

Individual name and date of birth are required

Explanation	Individual name and date of birth must be present for individual beneficiaries.
Form Type	ET

V2439

Non-individual name is required

Explanation	Non-individual name must be present for non-individual beneficiaries.
Form Type	ET

V2442

Beneficiary TFN must not be reported more than once

Explanation	The beneficiary TFN reported must not be reported more than once.
Form Type	ET

V2443

Check assessment calculation codes

Explanation	Assessment calculation codes are not correct for company beneficiaries.
Form Type	ET

V2444

Check assessment calculation codes.

Explanation	Assessment calculation codes are not correct for trustee beneficiaries.
Form Type	ET

V2446

Total withholding amount is incorrect

Explanation	Total withholding amount must be equal to the total amount withheld from all the beneficiaries.
Form Type	G TD

V2447

Total payments amount incorrect

Explanation	Total payments amount must be equal to the total amount of payments to all the beneficiaries.
Form Type	G TD

V2448

Income tax payable on no-TFN contributions income is incorrect

Explanation	If an amount is entered in no-TFN contributions income, then the amount entered in income tax payable on no-TFN contributions income should be the amount in no-TFN contributions income multiplied by 0.34.
Form Type	EC

V2449

Incorrect amounts in no-TFN contributions labels

Explanation	If the amount entered in No-TFN contributions income is zero, then the amount entered in income tax payable on no-TFN contributions income should be zero.
Form Type	EC

V2451

Check beneficiary TFN

Explanation	Beneficiary TFN must not be reported more than once.
Form Type	G

V2452

Account name contains a leading space

Explanation	The account name is preceded by a space, or contains only a space. Remove all leading spaces.
Form Type	EB EC EF EI EM ET RR

V2454

AWR reporting period dates are not for the annual period

Explanation	The AWR is an annual report. The dates provided should be for your annual accounting period. For normal balancers, this will be the period 1 July - 30 June.
Form Type	TD

V2455

TFN reporting period dates are not for a quarter

Explanation	The TFN report is a quarterly report. The dates provided should be one of the four following periods for a year: 1 July - 30 September; 1 October - 31 December; 1 January - 31 March or 1 April - 30 June.
Form Type	TD

V2460

Check non-PP franked distributions from trusts income

Explanation	In Item 8, when there is an amount present at non-primary production deductions relating to franked distributions from trusts (Label G), there must be an amount greater than zero at non-primary production franked distributions from trusts (Label F).
Form Type	EP ET

V2461

International Dealings schedule required

Explanation

There is a 'yes' response to any of the questions concerning whether the entity had either a direct or indirect interest in a foreign trust, controlled foreign company or transferor trust (Attributed foreign income Label S) or whether the value of dealings with international related parties is greater than $2 million (Overseas transactions Label W) or whether the thin capitalisation provisions affect you (Overseas transactions Label O), or amounts have been completed at Interest expenses overseas or Royalty expenses overseas (Overseas transactions labels D or E), and an International Dealings schedule is not attached.

Form Type

EP ET I

V2462

Only one International Dealings Schedule per return

Explanation	Your software should not allow the creation of more than one International Dealings Schedule per return. If this error occurs you should contact your software producer for assistance.
Form Type	EC EP ET I

V2463

Share of income of the trust estate is incorrect

Explanation	The total amount at Share of income of the trust estate (beneficiary entitled and no beneficiary entitled) in the distribution statement must equal Income of the trust estate (Item 54 Label A).
Form Type	ET

V2464

Choice for resident trustee to be assessed to capital gains on behalf of beneficiaries assessment calculation code required

Explanation	Amount of capital gains on which the trustee has chosen to be assessed on behalf of beneficiaries (Item 56 label Y) is present and the assessment calculation code (Item 56 label X) is missing.
Form Type	ET

V2465

Assessment calculation code is not correct

Explanation	In the statement of distribution, if both are present, the No beneficiary presently entitled assessment calculation code must be the same as the Choice for resident trustee to be assessed to capital gains on behalf of beneficiaries assessment calculation code.
Form Type	ET

V2466

The beneficiary details are incomplete

Explanation	The beneficiary details must include the tax file number or address, type of beneficiary code, individual or non-individual name, and assessment calculation code or TB statement question.
Form Type	ET

V2467

International Dealings schedule required

Explanation

There is an amount present at Offshore banking unit adjustment (Item 7 Label P) or there is a 'yes' response to any of the questions concerning whether the value of dealings with international related parties is greater than $2 million (International related party dealings Label Y) or whether the entity had either a direct or indirect interest in a foreign trust, foreign company, controlled foreign entity or transferor trust (Overseas interests Label Z) or there is a 'yes' response to the question "Did the thin capitalisation provisions affect you" (Thin capitalisation Label O) and an International Dealings schedule is not attached.

Form Type

EC I

V2468

Dividend income absent

Explanation	Where there are Deductions relating to franked distributions greater than zero (Item 16 Label R) there must be an income amount at franked dividends (Item 12 Label L).
Form Type	ET

V2469

Gross tax calculation incorrect

Explanation	Gross Tax must be equal to tax on taxable or net income plus R&D Recoupment tax plus RSA Income tax payable on no-TFN contributions income.
Form Type	EC

V2470

Subtotal 1 must be equal to Gross Tax less non-refundable non-carry forward tax offsets

Explanation	Where B - Gross Tax is greater than C - non-refundable non-carry forward tax offsets; T2 - subtotal 1 must be equal to B - Gross Tax less C - non-refundable non-carry forward tax offsets
Form Type	EC

V2471

Subtotal 1 must equal zero

Explanation	Where B - Gross Tax is less than or equal to C - non-refundable non-carry forward tax offsets; T2 - subtotal 1 must be zero
Form Type	EC

V2472

Subtotals 2 and 3 and Tax Payable must equal zero

Explanation	Where T2 - subtotal 1 equals zero T3 - subtotal 2, T4 - subtotal 3 and T5 - Tax Payable all must also equal zero
Form Type	EC

V2473

Subtotal 2 must equal Subtotal 1 less Non-refundable carry forward tax offsets

Explanation	Where D - non-refundable carry forward tax offsets is less than T2 - subtotal 1, T3 - subtotal 2 must equal T2 - subtotal 1 less D - non-refundable carry forward tax offsets
Form Type	EC

V2474

Subtotal 2 must equal zero

Explanation	Where D - non-refundable carry forward tax offsets greater than or equal to T2 - subtotal 1, T3 - subtotal 2 must equal zero
Form Type	EC

V2475

Subtotal 3 and Tax Payable must equal zero

Explanation	Where T3 - subtotal 2 equals zero, T4 - subtotal 3 and T5 - Tax Payable all must also equal zero
Form Type	EC

V2476

Subtotal 3 must equal Subtotal 2 less refundable tax offsets

Explanation	Where E - refundable tax offsets is less than T3 - subtotal 2, T4 - subtotal 3 must equal T3 - subtotal 2 less E - refundable tax offsets
Form Type	EC

V2477

Subtotal 3 must equal zero

Explanation	Where E - refundable tax offsets is greater than or equal to T3 - subtotal 2, T4 - subtotal 3 must equal zero
Form Type	EC

V2478

Tax payable must equal zero

Explanation	Where T4 - subtotal 3 equals zero, T5 Tax Payable must also equal zero
Form Type	EC

V2479

Tax offset refunds must equal refundable tax offsets less subtotal 2

Explanation	Where T4 - subtotal 3 equals zero I - tax offset refunds must equal E - refundable tax offsets less T3 - subtotal 2
Form Type	EC

V2480

Tax Payable must equal subtotal 3 less franking deficit tax offset

Explanation	Where F - franking deficit tax offset is less than T4 - subtotal 3, T5 - Tax Payable must equal T4 - subtotal 3 less F - franking deficit tax offset
Form Type	EC

V2481

Tax payable must equal zero

Explanation	Where F - franking deficit tax offset is greater than or equal toT4 - subtotal 3, T5 - Tax Payable must equal zero
Form Type	EC

V2482

Research and Development Tax Incentive schedule must be attached

Explanation	Where R&D labels have been completed a Research and Development Tax Incentive schedule must be attached.
Form Type	BY EC

V2483

R&D label mismatch

Explanation	R&D labels at Items 7 and 21 or on the calculation statement do not equal their matching labels in the Research and Development Tax Incentive schedule.
Form Type	BY EC

V2484

Refundable R&D tax offset is greater than Refundable tax offsets on the calculation statement

Explanation	Refundable tax offsets must not be less than Refundable R&D tax offset
Form Type	EC

V2485

Gross tax calculation incorrect

Explanation	Gross Tax must be equal to Tax on taxable income plus Tax on no-TFN-quoted contributions
Form Type	EF MS

V2486

Subtotal must equal Gross Tax less Foreign income tax offset less rebates and tax offsets

Explanation	Where C1 - foreign income tax offset plus C2 - rebates and tax offsets is less than B - Gross Tax, T2 - subtotal must equal B - Gross Tax less C1 - foreign income tax offset less C2 - rebates and tax offsets
Form Type	EF MS

V2487

Subtotal must equal zero

Explanation	Where C1 - foreign income tax offset plus C2 - rebates and tax offsets is greater than or equal to B - Gross Tax, T2 - subtotal must equal zero
Form Type	EF MS

V2488

Tax payable must equal zero

Explanation	Where T3 - Subtotal 2 equals zero, tax payable must also equal zero
Form Type	EF MS

V2489

Tax Payable must equal subtotal 2 less refundable tax offsets

Explanation	Where E - refundable tax offsets is less than T3 - subtotal 2, T5 - tax payable must equal T3 - subtotal 2 less E - refundable tax offsets
Form Type	EF MS

V2490

Tax Payable must equal zero

Explanation	Where E - Refundable tax offsets is greater than T3 Subtotal 2, T5 - Tax Payable must equal zero
Form Type	EF MS

V2491

Tax offset refunds must equal Refundable tax offsets less subtotal 2

Explanation	Where Refundable tax offsets (E) is greater than Subtotal 2 (T3), Tax offset refunds (I) must equal Refundable tax offsets (E) less subtotal 2 (T3).
Form Type	EF MS

V2496

Total Australian and Overseas assets and member entitlements must be greater than zero unless the fund has been wound up

Explanation	A self-managed superannuation fund is a trust and it must have assets set aside for the benefit of its members to legally exist.
Form Type	MS

V2497

'Total member account balances' cannot be blank or zero if 'Was the fund wound up during the income year?' is 'no'

Explanation	A self-managed superannuation fund is a trust and it must have assets set aside for the benefit of its members - there are no assets set aside for members in this fund.
Form Type	MS

V2499

International Dealings schedule not required

Explanation

There is a 'no' response to the questions concerning whether the entity had either a direct or indirect interest in a foreign trust, controlled foreign company or transferor trust (Attributed foreign income Label S) and whether the value of dealings with international related parties is greater than $2 million (Overseas transactions Label W) and whether the thin capitalisation provisions affect you (Overseas transactions Label O), and no amounts have been completed at Interest expenses overseas or Royalty expenses overseas (Overseas transactions labels D and E), and an International Dealings schedule is attached.

Form Type

EP ET I