Forum Discussion
I really don't think you should be reporting back pay for 2012. The ATO guidelines for Lump Sum E indicate that if the current payroll year you are reporting for is 2022, you allocate Lump Sum E for FY 2021, FY 2020 and then all years before FY 2019. You can only report 3 years.
So all backpay relating to FY 2012 to 2019 should be reported as for FY 2019. Check with the ATO or your tax advisor if in doubt.
Regards
Gavin
Thanks Gavin for your suggestion on Lump Sum E.
However I was advised by ATO that: I can't use incorrect financial year for Lump Sum E payment, must be correct year for back pay to, also there is no limit financial year for this Lump Sum E by ATO. It is MYOB program has the limit choose does available for the report financial. If MYOB can't give users option, the user has to report manually by the End of Financial.
Hopefully, MYOB will develop the program to rermove the limit and add function for user to choose right financial year for reporting Lump Sum E accordingly.
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