Forum Discussion

KylieD1799's avatar
KylieD1799
Cover User
2 years ago
Solved

Use of Tax File Number 111111111

If an employee is waiting for their TFN & has submitted their Tax File Declaration, I understand you can use TFN # 111111111.

In Myob Account Right, what option do I select in the box underneath that titled "Tax Table".

  • Hi KylieD1799 

     

    Or you could look at the TFN Declaration the new employee completed. In addition to providing the TFN, the purpose of the TFN Declaration is for the employer to be able to determine which tax table to use. Resident, non-resident, claiming Tax free threshold, not claiming, has a student loan, does not have etc. 

     

    If the employee is claiming the tax free threshold, then the most likely tax table is Tax Free Threshold. 

     

    Regards

    Gavin

5 Replies

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    2 years ago

    Hi, KylieD1799

     

    Thanks for your post.

     

    When selecting which tax table to use, we highly recommend speaking with your accountant, as they can provide you with more information regarding your concern.

     

    Should you require additional assistance, please do not hesitate to contact us. Feel free to start a new post in the future.

     

    Best regards,

    Doreen

  • gavin12345's avatar
    gavin12345
    Ultimate User
    2 years ago

    Hi KylieD1799 

     

    Or you could look at the TFN Declaration the new employee completed. In addition to providing the TFN, the purpose of the TFN Declaration is for the employer to be able to determine which tax table to use. Resident, non-resident, claiming Tax free threshold, not claiming, has a student loan, does not have etc. 

     

    If the employee is claiming the tax free threshold, then the most likely tax table is Tax Free Threshold. 

     

    Regards

    Gavin

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    2 years ago

    Hi gavin12345,

     

    Thank you for sharing this valuable insight regarding the tax file declaration. We appreciate your clarification on the purpose of the TFN Declaration and how it helps employers determine the appropriate tax table to use based on various factors such as residency, claiming the tax-free threshold, student loans, and other considerations.

     

    Once again, thank you for your support!

     

    We welcome and encourage you to share your valuable insights, as it would greatly benefit other members of the community.

     

    Cheers,

    Princess

  • 1Pang's avatar
    1Pang
    8 months ago

    TFN Number 111 111 111 does not work anymore for employees waiting for their TFN  What do you suggest?

  • gavin12345's avatar
    gavin12345
    Ultimate User
    8 months ago

    Hi 1Pang 

     

    Can you please elaborate on what exactly you mean by 'does not work anymore'?  I just tested in AR2024 and worked just fine.

     

    FYI you can only use 111 111 111 for 28 days. This is how much time the ATO allows to process and provide an TFN. If the employee does not provide a TFN within 28 days of starting, you must set them as not providing a TFN and deduct PAYG at the maximum rate. This tends to hurry the employee along and ensure they have submitted the TFN application to the ATO and provide it to the employer in a timely manner.

     

    Regards

    Gavin

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