AU Tax - Make TFNs mandatory for beneficiaries where required by tax rules in TRT
Currently, Xero Tax allows a trust tax return to be completed and lodged even when a beneficiary's TFN has not been entered, despite the TFN being required in certain beneficiary statements and trust reporting schedules.
It would be helpful if Xero included a validation check that prevents the trust tax return from being finalised or lodged where a beneficiary TFN is mandatory but has not been entered. This could work in the same way as other critical validation errors that must be resolved before lodgement.
For our practice, this would reduce the risk of incomplete or incorrect trust reporting, improve data integrity, and help ensure compliance with ATO reporting requirements. It would also save time during review by highlighting missing TFNs before the return reaches the finalisation stage, rather than requiring manual checks by the preparer or reviewer.
This enhancement would provide greater confidence that all mandatory beneficiary information has been completed before a trust return is lodged.
Nikki Chan
shared this idea
Appreciate your feedback, Nikki.
Having a mandatory TFN check for beneficiaries where required could make Trust Tax Return preparation more consistent and help reduce the need for manual checks before lodgement.
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