Complete a FBT return

Once the FBT calculation is complete, you can complete the FBT return –  either e-file the return with the IRD or print the return and send it to the IRD. You can also print other FBT related reports. Once you are done with the FBT return, you can lock it to prevent any changes by other users.

E-file a FBT return

1. In the entity’s FBT calculation, click the Reports tab > Tax Return.
2. In the Filing method options, select Online E-FBT.
3. At the bottom of the return, click Open myIR.

Print a FBT return

1. In the entity’s FBT calculation, click the Print arrow in the top right of the screen.
2. Click IR420 FBT Return, IR421 FBT Return or IR422 FBT Return, as applicable.
3. Download the PDF return to your computer or send it to your printer.

Lock and unlock a return

When you finish your FBT return calculation for each quarter, you will want to lock that FBT return, so the data cannot be updated by another user. If you use TaxLab to e-file the FBT return, the return is locked automatically.

All users who have access to the entity can lock and unlock the FBT return at any time.

When you lock a quarter 2, 3 or 4 return, the system also locks any prior quarter returns that are unlocked because the attribution goes across multiple quarters.

You can lock and unlock an FBT return in two ways.

Method one

1. In the entity’s FBT calculation, click the Settings tab > Settings.
2. In the Return Calculationssection:
   • To lock a return, click the grey Return Lock button.
   • To unlock a return, click the green Return Lock button.

Method two

1. In the entity’s FBT calculation, click the Reports tab > Tax Return.
2. Click the relevant Quarter tab.
3. In the Return detailssection at the top:
   • To lock the return, click the grey Return Lock button.
   • To unlock the return, click the green Return Lock button.