tax revision date incorrect

This thread is now closed to new comments.
Some of the links and information provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
OnBalance
Partner
35 Posts
Partner
Australia
Partner

35Posts

4Kudos

0Solutions

Solved: Go to Solution

tax revision date incorrect

The tax revision date on a data file is 1/07/2021, how can this be updated please?

6 REPLIES 6
LRBooks61
Ultimate Cover User
1,054 Posts
Ultimate Cover User
Australia
Ultimate Cover User

1,054Posts

211Kudos

124Solutions

Re: tax revision date incorrect

Hi

 

You will find that the tax tables have not changed for several years now

 

so all calculations will be correct

 

Hope this helps

 

Lisa

gavin12345
Ultimate User
5,039 Posts
Ultimate User
Australia
Ultimate User

5,039Posts

919Kudos

640Solutions

Re: tax revision date incorrect

Hi @OnBalance 

The Tax Table Revision date will not change until you process your first payroll in July 2022. It should then change to 1 July 2022. If not you need to refer this to MYOB.

 

Hi @LRBooks61 

While the more common tax tables have not changed, each 1 July the tax tables that affect those with Student Loans (HELP, TLS etc) always change as re-payment thresholds are indexed each year, and some times the repayment rate also changes.

 

Regards

Gavin

(gavinw222@gmail.com)
OnBalance
Partner
35 Posts
Partner
Australia
Partner

35Posts

4Kudos

0Solutions

Re: tax revision date incorrect

I have processed 2 payrolls this financial year and finalised the 21-22 year

regards

gavin12345
Ultimate User
5,039 Posts
Ultimate User
Australia
Ultimate User

5,039Posts

919Kudos

640Solutions

Re: tax revision date incorrect

Hi @OnBalance 

 

What version of MYOB are you using (see Help About AccountRight) and do you have a current subscription?

 

You must be using version 2022.5 or 2022.6 and have a current subscription otherwise the tax tables won't update.

 

Regards

Gavin

(gavinw222@gmail.com)
OnBalance
Partner
35 Posts
Partner
Australia
Partner

35Posts

4Kudos

0Solutions

Re: tax revision date incorrect

Yes I have a current subscription, the MYOB version is 2022.6.0 - Build:2022.6.24.6864

Melisa_D
10,735 Posts
Former Staff
Former Staff

10,735Posts

0Kudos

1,186Solutions

Accepted Solution Solved

Re: tax revision date incorrect

Hi @OnBalance

 

Can you please send me a private message with the below information so I can take a look into this for you:

  • Serial number 
  • File ID of the file (This can be found by going to Help > About MYOB AccountRight)
  • Screenshot of the Process payroll window

 

 

Update: Script has been run over the company file to resolve this

Cheers,
Melisa

MYOB Community Support

Online Help| Forum Search| my.MYOB| Download Page

Did my answer help?

Mark it as a SolutionHelpful? Leave a to tell others

Didn't find your answer here?

Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post