V300 - V399 2024

Edit Test

^AEL # Null and ^AEM <= 0

Explanation

Details of other Australian source deductions is present (Item 18), but the amount of other Australian source deductions is either missing or equal to zero.

Form Type

EP ET

Explanation

Amount of other Australian source deductions is present (Item 18) but the details of other Australian source deductions is missing.

Form Type

EP ET

Explanation

Family name or non-individual name must be present.

Form Type

EM EP ET TD

Explanation

Non-individual name and Family name are both present. Only one name can be present.

Form Type

EB EM EP ET TD

Explanation

Title, First name, Other given names or Suffix is present without the family name.

Form Type

EB EM EP ET TD

Explanation

Other given name/s present without first name.

Form Type

CU EB EC EI EM EP ES ET EY TD

Explanation

Title, First name, Other given names or Suffix is present without the family name.

Form Type

MS

Explanation

Other given name/s present without first name.

Form Type

MS

Explanation

The amount of net Australian income/loss (Item 20 Label $) is not equal to the sum of all Australian income less all Australian source deductions.

Form Type

ET

Explanation

Payee's name is not present for an item in the Interest and Dividend deductions schedule. Each item must have the payee's family name or non-individual name.

Form Type

BJ

Explanation

Payee's family name and non-individual name are both present for an item in the Interest and Dividend deductions schedule. Please delete the incorrect name as only one name can be present for a payee name.

Form Type

BJ

Explanation

Payee's First name and/or Other given names are present without the Family name.

Form Type

BJ

Explanation

Payee's Other given name/s present without first name.

Form Type

BJ

Explanation

Non-individual name line 2 is present in the Interest and Dividend deductions Schedule without a non-individual name line 1 being present. Please input the missing non-individual name line 1.

Form Type

BJ

Explanation

A trust can only make an overall distribution of net income to each individual or non-individual beneficiary. Please adjust distributed income until the overall negative amount no longer exists.

Form Type

ET

Explanation

For attributed foreign income, a yes response to the question "did the entity have either a direct or indirect interest in a foreign trust, controlled foreign company or transferor trust?" is required when there are amounts present at either listed country (Item 22 Label M) or unlisted country (Item 22 Label X).

Form Type

EP ET

Explanation

At business income and deductions (Item 5), total business income (primary production or non-primary production) less all business expenses, plus reconciliation adjustments is not equal to net business income (primary production or non-primary production). If this error occurs contact your software producer for assistance.

Form Type

EP ET

Explanation

There is a 'no' response to the Overseas interest question and there is an amount greater than zero at one or more of the Attributed foreign income labels.

Form Type

EC

Explanation

Royalty expenses overseas (Overseas transactions Label E) is greater than Total royalty expenses (Item 5 Label J) in the business income and expenses section.

Form Type

EP ET

Explanation

The sum of Primary production share of net income from trusts (Item 13 Label L) plus Non-primary production share of net income from trusts (Item 13 Label U) plus franked distributions from trusts (Item 13 Label C) plus total capital gains (Item 18 Label H) plus foreign source income (Item 20 Labels T, L, D, R, M, F and U) is less than zero which indicates that an overall trust loss is being distributed from a trust to an individual. Adjust distributed amounts at Item 13 Labels L and U until the overall negative amount no longer exists (i.e. make the sum equal to zero). Please note, where there is a negative amount at any of the foreign source income fields, the amount of zero will be used in that field.

Form Type

EI

Explanation

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

Form Type

EI

Explanation

The sum of Primary production share of net income from trusts (Item 8 Label Z) plus Non-primary production share of net income from trusts (Item 8 Label R) plus franked distributions from trusts (Item 8 Label F) plus attributed foreign income (Item 22 Labels M, X) plus general net foreign source income (Item 23 Label V) plus Australian franking credits from a New Zealand franking company (Item 23 Label D) is less than zero which indicates that an overall trust loss is being distributed from a trust to a partnership. Adjust distributed amounts at Item 8 Labels Z and R until the overall negative amount no longer exists (i.e. make the sum equal to zero).

Form Type

EP

Explanation

The overall net trust income is greater than zero (i.e. the sum of net Australian income/loss plus net capital gain, plus attributed foreign income plus other assessable foreign source income minus tax losses deducted) and the sum of distributed franking credits (Label D beneficiary entitled and no beneficiary presently entitled) in the distribution statement is not equal to the sum of the share of franking credit from franked distributions (Item 8 Label D) plus franking credit from franked dividends (Item 12 Label M).

Form Type

ET

Explanation

There is an overall trust loss (the sum of net Australian income/loss plus net capital gain plus attributed foreign income plus other assessable foreign source income minus tax losses deducted is less than or equal to zero) and franking credits (Label D) or Australian franking credits from a NZ franking company (Label N) are present in the distribution statement (distribution to a beneficiary or no beneficiary presently entitled). Franking credits cannot be distributed when there is an overall trust loss. Delete the franking credits from the distribution statement.

Form Type

ET

Explanation

In the distribution statement the sum of TFN amounts withheld (Label E - beneficiary entitled and not entitled) does not equal the sum of Share of credit for TFN amounts withheld from interest, dividends and unit trust distributions (Item 8 Label E) plus TFN amounts withheld from gross interest (Item 11 Label I) plus TFN amounts withheld from dividends (Item 12 Label N).

Form Type

ET

Explanation

The sum of 'TFN amount(s) withheld' in the distribution statement (Label E), does not equal the sum of the 'Share of credit for TFN amounts withheld from interest, dividends and unit trust distributions (Item 8 Label E), plus 'TFN amounts withheld from gross interest' (Item 11 Label I), plus 'TFN amounts withheld from dividends' (Item 12 Label N).

Form Type

EP

Explanation

In Item 8 there cannot be amounts present at deductions relating to amounts shown at B and R (Label T), deductions relating to franked distributions from trusts in label F (Label G), share of credit for tax withheld where ABN not quoted (Label C), share of franking credit from franked distributions (Label D), share of credit for TFN amounts withheld from interest, dividends and unit trust distributions (Label E), or share of credit for tax withheld - foreign resident withholding (excluding capital gains) (Label U) without an amount present for either primary production or non-primary production income amounts from partnerships (Labels A or B) or trusts (Labels Z or R), or non-primary production franked distributions from trusts (Label F).

Form Type

EP ET

Explanation

At the calculation of total profit or loss, an amount is present at gross distribution from partnerships (Item 6 Label D) or gross distribution from trusts (Item 6 Label E) and other credits is missing in the calculation statement (Label H7). Please input the missing amount/s (if there are no credits, enter zero at the other refundable credits label in the calculation statement).

Form Type

EC

Explanation

Fund or trust wound up during the year has a 'Y' indicator and the date wound up is missing. Recheck fund or trust wound up during the year indicator and date wound up and correct as necessary.

Form Type

EF MS

Explanation

When there is an amount present for non-primary production share of net income from trusts (Item 8 Label R), the code must be completed.

Form Type

EP ET

Explanation

Non-primary production share of net income from trusts code is present and the income amount (Item 8 Label R) is less than or equal to zero. A code is not required for negative or zero amounts.

Form Type

EP ET

Explanation

There is a 'yes' response to the question concerning whether the trust estate is a non-resident trust estate (Item 58) and the amount of income derived outside Australia to which no beneficiary is presently entitled is missing.

Form Type

ET

Explanation

There is a 'no' response to the question concerning whether the trust estate is a non-resident trust estate (Item 58) and there is an amount of income derived outside Australia to which no beneficiary is presently entitled.

Form Type

ET

Explanation

The overall net trust income is greater than zero (the sum of net Australian income/loss plus net capital gain plus attributed foreign income plus other assessable foreign source income minus tax losses deducted) and the sum of Foreign income tax offset (Label I - beneficiary entitled and no beneficiary entitled) in the distribution statement is not equal to the Foreign income tax offset (Item 23 Label Z).

Form Type

ET

Explanation

There is zero net income or an overall trust loss (the sum of net Australian income/loss plus net capital gain plus attributed foreign income plus other assessable foreign source income minus tax losses deducted is less than or equal to zero) and Foreign income tax offset (Label I - beneficiary entitled and no beneficiary entitled) is present in the distribution statement. Foreign income tax offsets cannot be distributed when there is zero net income or an overall trust loss. Delete the Foreign income tax offsets from the distribution statement.

Form Type

ET

Explanation

Foreign income tax offsets are greater than zero in distribution statement and there is no Attributed foreign income or Other assessable foreign source income.

Form Type

ET

Explanation

The overall net trust income is greater than zero (the sum of net Australian income/loss plus net capital gain plus attributed foreign income plus other assessable foreign source income minus tax losses deducted) and the sum of the income amounts in the distribution statement is not equal to the overall net trust income.

Form Type

ET

Explanation

There is an overall trust loss (the sum of net Australian income/loss plus net capital gain plus attributed foreign income plus other assessable foreign source income minus tax losses deducted is less than zero) and income distribution amounts are present in the distribution statement at Labels A, B, U, F, G, H or N (distribution to a beneficiary or no beneficiary presently entitled) or trustee assessed capital gains (Item 56 Label Y).  Income cannot be distributed when there is an overall trust loss. Delete the income from the distribution statement.

Form Type

ET

Explanation

The health insurer ID code is not valid for ELS lodgments. You should be accessing valid codes from a lookup table provided with your software.

Form Type

EI

Explanation

The sum of Primary production share of net income from trusts (Item 8 Label Z) plus Non-primary production share of net income from trusts (Item 8 Label R) plus non-primary production franked distributions from trusts (Item 8 Label F) plus net capital gain (Item 21 Label A) plus attributed foreign income (Item 22 Labels M, U, X) plus other assessable net foreign source income (Item 23 Label V) plus Australian franking credits from a NZ franking company (Item 23 Label D) is less than zero which indicates that an overall trust loss is being distributed between trusts. Adjust distributed amounts at Item 8 Labels Z, R and F until the overall negative amount no longer exists (i.e. make the sum equal to zero).

Form Type

ET

Explanation

Net business income (Primary production or Non-primary production) is present in business income and deductions Item 5 Labels Q or R and there are no business declaration items present at any of Items 32 to 35 and 38 to 45.

Form Type

ET

Explanation

Net business income (primary production or non-primary production) is present in business income and deductions (Item 5 Labels Q or R) and there are no business declaration items present at any of Items 32 to 35 or 38 to 45.

Form Type

EP

Explanation

Franking credit or TFN amount withheld is present in the distribution statement (Labels D or E beneficiary entitled) and there is no non-primary production income amount or franked distributions amount (Labels B and U). Zero is acceptable when there is an overall trust loss.

Form Type

ET

Explanation

Franking credit or TFN amount withheld is present in the distribution statement (Labels D or E no beneficiary presently entitled) and there is no non-primary production income amount or franked distributions amount (Labels B and U no beneficiary presently entitled). Zero is acceptable when there is an overall trust loss.

Form Type

ET

Explanation

Credit for tax withheld where ABN not quoted (Label C - beneficiary entitled and not entitled) in the distribution statement is not equal to the sum of Credit for tax withheld where ABN not quoted (Item 6 Label T and Item 8 Label C).

Form Type

ET

Explanation

Tax withheld where ABN not quoted and Credit for tax withheld - foreign resident withholding (excluding capital gains) is present and there is no primary production or non-primary production income stated.

Form Type

EP ET

Explanation

Credit for tax withheld where ABN not quoted is greater than zero and there is no primary production income distribution, Non-primary production income distribution or franked distributions.

Form Type

EP

Explanation

An amount greater than zero is present in the distribution statement at credit for tax withheld where ABN not quoted (Label C - beneficiary entitled or not entitled) and there is no primary production or non-primary production income distribution or franked distributions (labels A, B & U beneficiary entitled and not entitled).

Form Type

ET

Explanation

The total amount of 'Credit for tax withheld where ABN not quoted' in the distribution statement (Label C) must equal the sum of Tax withheld where ABN not quoted (Item 6 Label T) and Share of credit for tax withheld where ABN not quoted (Item 8 Label C).

Form Type

EP

Explanation

Trade creditors is greater than all current liabilities.

Form Type

EC EP ET

Explanation

All current liabilities is greater than total liabilities.

Form Type

EC EP ET

Explanation

Trade debtors is greater than all current assets.

Form Type

EC EP ET

Explanation

All current assets is greater than total assets.

Form Type

EC EP ET

Explanation

Address must be a physical location. A post office box, locked bag or private bag for example are not acceptable.

Form Type

EP ET G

Explanation

Beneficiary's identifier is present in the distribution statement without a beneficiary's tax file number.

Form Type

ET

Explanation

Where there are Deductions relating to Australian investment income greater than zero (Item 16 Label P) there must be income amounts at either Gross interest (Item 11 Label J), Unfranked dividend amount (Item 12 Label K) or franked dividends (Item 12 Label L).

Form Type

EP ET

Explanation

Assessment calculation code is 11, 25 to 29, 111, 125 to 129 in the distribution statement (Label V) and beneficiary's birth date is missing.

Form Type

ET

Explanation

Primary production income, non-primary production income, credit for tax withheld where ABN not quoted, franked distributions, franking credit, TFN credit or Australian franking credit from a NZ franking company is present in the distribution statement (Labels A, B, C, U, D, E or N - beneficiary entitled) and the assessment calculation code is missing (Label V - beneficiary entitled).

Form Type

ET

Explanation

Primary production income, Non-primary production income, credit for tax withheld where no ABN quoted, franked distributions, franking credit, TFN amounts withheld or Australian franking credit from a NZ franking company is present in the distribution statement (Labels A, B, C, U, D, E or N no beneficiary presently entitled) and the assessment calculation code is missing (Label V - no beneficiary presently entitled).

Form Type

ET

Explanation

The overall net trust income is greater than zero (the sum of net Australian income/loss plus net capital gain plus attributed foreign income plus other assessable foreign source income minus tax losses deducted) and the sum of Attributed Foreign Income (Label G - beneficiary entitled and no beneficiary presently entitled) in the distribution statement is not equal to the sum of Attributed Foreign Income (Item 22 Labels M and X).

Form Type

ET

Explanation

Assessment calculation code is 111, 118, 119, 120, 125 to 129, 134, 138, 139 or 140 in the distribution statement (Label V) and Other Attachments Schedule is missing.

Form Type

A ET

Explanation

The Type of Trust is D (deceased estate) and the assessment calculation code is 25 to 30, 34, 35, 125 to 129, 138, 139, 140 in the distribution statement (Label V) or the assessment calculation code is 36 or 37 in the distribution statement (Label V - no beneficiary presently entitled). The assessment calculation code is invalid for this type of trust.

Form Type

ET

Explanation

The Type of Trust is other than D (deceased estate) and the assessment calculation code in the distribution statement (Label V) is 11 to 14, 111, 118, 119, 120 or the assessment calculation code in the distribution statement (Label V - no beneficiary presently entitled) is 15 to 17. The assessment calculation code is invalid for this type of trust.

Form Type

ET

Explanation

There is a 'yes' response to one or more of the questions on the trust return at Overseas Transactions (Item 29 Label A), Beneficiary under legal disability (Item 57) or Non-resident trust (Item 58) and the Other Attachments Schedule is missing.

Form Type

A ET

Explanation

Date of establishment of the super fund at Item 8 Label M is later than the end of the current financial year.

Form Type

EF

Explanation

A schedule which is not authorised for the return form is attached.

Form Type

A B BJ BN BP BR BT BW BX BY D G FI I L MC PL PS PY R S W X Y Z

Explanation

In the supplementary section, at Business income and expenses, the sum of Primary production and Non-primary production expenses is not equal to the sum of Total primary production expenses (Item P8 Label S) and Total non-primary production expenses (Item P8 Label T).

Form Type

EI

Explanation

Your software should not allow the creation of more than one Schedule 'W' per individual return.

Form Type

EI W

Explanation

The number of full days medicare levy exemption must be present with the action code at Item M1 Label V.

Form Type

EI