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Uniexpress's avatar
Uniexpress
Member
5 years ago
Solved

Voluntary Witholiding

Hello,

I'm struggling to get the Voluntary Witholding 20% (under the agreement we have in place with the contractor concerned) to report under "Tax Withheld" on the TPAR - it shows 0%. I've set up the relevant MYOB account as the VWH tax code, and still no joy

  • Uniexpress's avatar
    Uniexpress
    5 years ago

    Hello,

    I'm struggling to get the Voluntary Witholding 20% (under the agreement we have in place with the contractor concerned) to report under "Tax Withheld" on the TPAR - it shows 0%. I've set up the relevant MYOB account as the VWH tax code, and still no joy

2 Replies

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  • Uniexpress's avatar
    Uniexpress
    Member
    5 years ago

    Hello,

    I'm struggling to get the Voluntary Witholding 20% (under the agreement we have in place with the contractor concerned) to report under "Tax Withheld" on the TPAR - it shows 0%. I've set up the relevant MYOB account as the VWH tax code, and still no joy

  • Tracey_H's avatar
    Tracey_H
    Former Staff
    5 years ago

    Hi Uniexpress 

     

    Thanks for your post. I would recommend speaking to your accountant about the reporting of Voluntary Withholding on the TPAR. From the information I've found on the ATO website, VWH should be reported as a PAYG Withholding payment: 

     

    Report pay as you go (PAYG) withholding payments in your PAYG withholding annual report or through single touch payroll, not your TPAR. Examples include payments to:

    • employees
    • workers engaged under a voluntary agreement to withhold
    • workers engaged under a labour-hire or on-hire arrangement. This includes a labour hire firm that hires workers under a labour-hire arrangement to provide services.

    Please let me know if you need further help or if I have misunderstood your question.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

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