Taxable Payment Annual Report does not show No ABN withholding amounts.

Legacy KB ID: 4867

Question

Why doesn’t the Taxable Payments Annual Report (TPAR) not show the withholding tax I have withheld from Suppliers who did not quote an ABN number? 

I processed a transaction for the withholding amount and set it aside in an Other Current Liability account created for this specific function, and selected this account as my No ABN Withholding account in the TPAR.

Answer

Amounts collected into a No ABN Withholding liability account will not show on the TPAR if a tax code was included on the transaction that withheld the amount. 

Solution

Edit the No ABN withholding transaction and remove the tax code.  Enter only the amount of 0.465 times the Gross amount of the original bill. 

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