Federal Tax Status - Valid To Date Query

  • 11 November 2021
  • 0 replies

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I have a query regarding the Valid To date on the Federal Tax Status.

The field is mandatory and defaults to the 31/12 of the current year i.e. 31/12/2021.   This field cannot be changed once defined.   

What if a person changes Tax Status on 28/11/2021? 

When we try to add an entry we get the overlapping dates error.   

The only way is to delete the record ending 31/12/2021 and recreate with the Valid From date and enter a Valid To date of 27/11/2021, then adding 28/11/2021 to 31/12/2021 which is extra work.

Is this how it’s supposed to work?

Should the Valid To date be updateable?

Please advise. 

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