What's NEW!



Description Reference 

For 2020 and 2021 Trust, Partnership, and Company returns where personal services income (PSI) of an individual has been reported on the business income worksheet, the total income and total deductions will now flow to the main form where the entity has passed one of the personal services business tests in respect of the individual. This will prevent SBR error VR.ATO.GEN.438010 from displaying on lodgement or pre-lodge.


As stated in the APS Tax 2020.4.0 release, for 2020 returns, dividends and interest disclosed on the company return will flow through to the investor's return where such flow-through has been selected. However, for existing investors, you will need to clear the selected investor and re-select him/her/it in order for the ability to distribute to become available. If you do not clear the selector, this causes an exception error for 2020 rolled over Company returns. To fix this, you need to clear the selected investor and re-select him/her/it. This error has now been resolved for 2021 rolled over company returns.


For 2020 Individual Elite returns, entries to items D12 or the PAYG Summary worksheet causes validation error UNKNOWN.EXCEPTION. This has now been resolved.


For 2020 and 2021 Individual returns where the components of the share of net income from trusts, less capital gains, foreign income, and franked distributions include cents and add to a negative number, the share of net income from trusts, less capital gains, foreign income, and franked distributions disclosed on the main form will now truncate the cents of the total, rather than the individual components. This will prevent SBR error CMN.ATO.IITR.730412 from being reported on lodgement and pre-lodge.


For 2020 and 2021 Individual returns with Australian Government benefits that are disclosed at item 24, the SBR error CMN.ATO.INCDTLS.000025 is no longer displayed on lodgement or pre-lodge.


For 2020 and 2021 individual returns, where the distribution of net foreign income from a trust is negative, the disclosure on the income details schedule is that net income distributed is now set to $0 and the negative distribution is now added to any other deductions incurred in deriving this distribution. This change is required in order to prevent SBR error CMN.ATO.IITR.730088 from displaying.


For 2020 and 2021 Activity Statements, the ATO amount of the PAYG instalment will now appear in the activity statement when option 1 is chosen.


For 2019, 2020, and 2021 Trust and Partnership returns, the reconciliation of tax to accounting income will no longer be printed unless at least one reconciliation item has been entered.




Stay Informed with Known Issues

Please refer to the knowledge base article KA-03782 for any known issues related to this release. We recommend reviewing this article on a regular basis to ensure you’re aware of any issues and their solutions.  

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Related Products: APS TAX AU