Forum Discussion

OnBalance's avatar
OnBalance
Experienced Cover User
3 years ago

tax revision date incorrect

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

  • Melisa_D's avatar
    Melisa_D
    3 years ago

    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

  • LRBooks61's avatar
    LRBooks61
    Ultimate Cover User
    3 years ago

    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's avatar
      gavin12345
      Ultimate User
      3 years ago

      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

      • OnBalance's avatar
        OnBalance
        Experienced Cover User
        3 years ago

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

        regards

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