SBR Tax Time Changes

Presented by

Mick Ferris

E-Commerce Service Delivery

Australian Taxation Office

July 2015

www.ato.gov.au

• SBR Update• EVTE Response Times• ELS Position• SBR New Services• SBR service changes (release candidates)• BDE Update• BDE service changes (release candidates)

Presentation contents

www.ato.gov.au

SBR Update

• ELS2SBR – Moving from the ELS tag format to an

eBMS/XBRL implementation, supported through the SBR

standards (taxonomy/documentation/processes)

• SBR 1 and 2 now supports AusKey in the Cloud.

• Introduction of client update and individual tax return

functionality for SBR 2

• Performance increases for the External Vendor Test

Environment (EVTE)

www.ato.gov.au

EVTE Response times

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ELS Position

From TT16 ELS will no longer be available. Take-On will be switched off at

the 30/06/2016 SBR2 currently supports prior year lodgements made in the ELS tag format

submitted via an eBMS wrapper. (this MIG is currently available on the SBR

site) Prior year returns in the ELS format will be accepted via eBMS until

decommissioning in 2018

www.ato.gov.au

TT2016 SBR New Services

TRTAMI – Trust Return Attribution Managed Investments The legislative change will introduce a new return for Attribution Managed Investment Trusts (AMIT)

which will have new reporting requirements. This new measure will provide greater flexibility and

reduced compliance costs for AMITs.

TSAMI – Trust Schedule for Attribute Managed Investment

Trusts This service provides the ability for an AMIT to report on additional amount relevant to

those trusts which have not been captured in the primary TRTAMI service.

SMCDS – Sales through Merchant and Debit Credit Services This service will enable business where they provide electronic transaction services to

generate sales income to report on those transactions annually to the ATO.

www.ato.gov.au

CGLSRelease CandidatesRC - 2016013 - SBIT - Abolish FHSARC - 2016038 - SBIT - Immediate deduction for small business start up expense*

Add–2 data elements to support the change in First Home Saver Accounts.(RC013)

Update–Minor updates to instructions/guidance to explain in what circumstances a tax payer can claim ‘start-up’

expenses. (RC038)

Delete–2 data elements that contained the acronym ‘FHSA’ in the data elements property name. (RC013)

*Initial analysis pending detailed requirements

www.ato.gov.au

CGTSRelease CandidatesRC - 2016026 - PGH - CGT treatment of Earnout agreement*

Add–2 data elements

Update– Minor updates to instructions/guidance

Delete–N/A

*Initial analysis pending detailed requirements

www.ato.gov.au

CTRRelease Candidates RC - 2016005 - PGI - Exploration Development Incentive RC - 2016009 - PGI - Thin capitalisation and Foreign dividends RC - 2016013 - SBIT - Abolish FHSA RC - 2016022 - PGI - Company Tax Rate Cut RC - 2016028 - PGI - IMR element 3* RC - 2016032 - PGI - Combating Multinational tax avoidance - Stronger Shortfall* RC - 2016039 - PGI - TOFA Tax Return Labels*

Add– 2 data elements (1 x Company tax rate <$2M indicator (RC022) and 1 x IMR amount (RC028))

Update– 4 data elements update where reporting definition or guidance references FHSA or unlisted country.

Delete– 8 data elements (1 x Foreign income – Unlisted country, 3 x FHSA, and 4 TOFA tax return labels)

*Initial analysis pending detailed requirements

www.ato.gov.au

Client UpdateCU Services:CUADDRCUDTLCUECCUFICUMASADDCUMASCANCELCURELCURNN

Release CandidatesRC - 2016012 - SBIT - Changes to Gender Identifiers

Delete– 1 data element from each of the above CU service’s.

*Initial analysis pending detailed requirements

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FBTRelease Candidates RC - 2016029 - PGH - Temporary Budget Repair Levy - FBT rate change

Add– N/A

Update– Update references and calculations to reflect the increase from 47% to 49%

Delete– N/A

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FITRRelease Candidates RC - 2016005 - PGI - Exploration Development Incentive RC - 2016009 - PGI - Thin capitalisation and Foreign dividend RC - 2016039 - PGI - TOFA Tax Return Label*

Add– 1 data element to support Exploration Development

Update– N/A

Delete– 3 data elements (1 x Section 404 country being removed (RC009) and 2 x TOFA Labels (RC039))

*Initial analysis pending detailed requirements

www.ato.gov.au

IITRRelease CandidatesRC - 2016002 - SBIT - Net Medical Expenses Phase OutRC - 2016005 - PGI - Exploration Development IncentiveRC - 2016012 - SBIT - Changes to Gender IdentifiersRC - 2016034 - SBIT - Zone tax offset*RC - 2016035 - SBIT - Changes to tax residency rules for temporary working holiday makers*RC - 2016036 - SBIT - Simplify car expense deductions *RC - 2016037 - SBIT - Tax discount for unincorporated business income - Small business income tax

offset*RC - 2016038 - SBIT - Immediate deduction for small business start up expenses*

Add–2 data elements (RC037)

Update–4 data elements(1 x RC002, 1 x RC005, 2 x RC038)

Delete–1 (RC002) 1 (RC012)

*Initial analysis pending detailed requirements

www.ato.gov.au

LSRelease CandidatesRC - 2016013 - SBIT - Abolish FHSARC - 2016038 - SBIT - Immediate deduction for small business start up expense*

Add–2 data elements to support the change in First Home Saver Accounts.

Update–Minor updates to instructions/guidance to explain in what circumstances a tax payer can claim ‘start-up’

expenses.

Delete–2 data elements that contained the acronym ‘FHSA’ in the data elements property name.

*Initial analysis pending detailed requirements

www.ato.gov.au

PTRRelease CandidatesRC - 2016005 - PGI - Exploration Development IncentiveRC - 2016009 - PGI - Thin capitalisation and Foreign dividendRC - 2016028 - PGI - IMR element 3*RC - 2016037 - SBIT - Tax discount for unincorporated business income - Small business income tax

offset*RC - 2016038 - SBIT - Immediate deduction for small business start up expenses* RC - 2016039 - PGI - TOFA Tax Return Labels*

Add–3 data elements (1x RC005, 1 x RC028 and 1 x RC037)

Update– Minor updates to instructions/guidance to explain in what circumstances a tax payer can claim ‘start-up’

expenses. (RC038)

Delete–3 data elements (1 x RC009 and 1 x RC039)

*Initial analysis pending detailed requirements

www.ato.gov.au

SMSFARRelease CandidatesRC - 2016005 - PGI - Exploration Development IncentiveRC - 2016013 - SBIT - Abolish FHSARC - 2016039 - PGI - TOFA Tax Return Labels*

Add–1 data element (RC005)

Update–1 data element reporting definition/guidance (RC013)

Delete–2 data elements (RC039)

www.ato.gov.au

TFNDRelease CandidatesRC - 2016003 - CAS - Student Start up Loan

Add–1 data element (RC003)

Update–N/A

Delete–N/A

www.ato.gov.au

TPARRelease CandidatesRC - 2016014 - SBIT - Reporting of Taxable Government Grants and Specified Payments

Add–19 data elements (RC014) to include Payment and Grant information.

Update–N/A

Delete–N/A

New Payment data elements.

ABN

Name

Address

Total gross amount paid

Total GST

Bank account details (BSB + Account)

Phone number

Email address

Statement by supplier indicator

New Grant data elements.

ABN

Name

Address

Total gross amount paid

Total GST

Name of grant/program

Date of payment

Bank account details (BSB + Account)

Phone number

Email address

www.ato.gov.au

TRTRelease CandidatesRC - 2016005 - PGI - Exploration Development IncentiveRC - 2016009 - PGI - Thin capitalisation and Foreign dividendRC - 2016028 - PGI - IMR element 3*RC - 2016037 - SBIT - Tax discount for unincorporated business income - Small business

income tax offset*RC - 2016039 - PGI - TOFA Tax Return Label*

Add–3 data elements (1 x RC005, 1 x RC028, RC037)

Update–N/A

Delete–3 data element (RC039)

*Initial analysis pending detailed requirements

www.ato.gov.au

More Information

SIPO – Access to draft documentationhttp://softwaredevelopers.ato.gov.au/ebMS3_ATO_artefacts

SBR – Access to final documentationhttp://www.sbr.gov.au/software-developers/developer-tools/ato

Lets Talk –Software developer community

http://lets-talk.ato.gov.au/swdcommunity

www.ato.gov.au

BDE UpdatePHIR, TPAR, PAYG, AIIR Standardising and reducing the business rules to make it easier for Clients to lodge

TT15 Enhancements Direct reporting of Private Health Insurance Data

– Allowed the Private Health Insurers to submit directly to the ATO rather than submitting to Medicare

Foreign Account Tax Compliance Act (FATCA) AFI to ATO– New form for BDE, information sent by the AFI’s regarding American citizens working in Australia.

– The ATO would send this information to the IRS. (delivered in September 2015)

Trade Support Loan– Validation changes

Welfare Data Quality– Existed  as a BDE Adhoc request, now included in the BDE framework

www.ato.gov.au

BDE Service ChangesTT16 Enhancements Student Start Up loan Exploration Development Incentives Third party data matching (ASIC & Share reg) AIIR MIT measures Employee Scheme Share (ESS) Share Individuals data with New Zealand TPAR reporting government grants Sales of Merchant credit and debit Real Property Sales Reporting Foreign Resident Withholding

– Unauthenticated Participated form

– Vendor Variation Form

– Purchaser Remittance form

Austrac Changes to Gender Change (7 forms)

www.ato.gov.au

Questions?