Activity Statement |
Aug 09 |
Activity statements are
used to make payments and report obligations under the tax system. The
statement is used to report and pay your FBT Instalments, PAYG (instalments and
withholding), GST and related tax obligations, and to pay deferred company and
superannuation fund instalments.
The ATO website provides instructions on how to
complete sections of the activity statement:
|
Quarter
Ended
|
Taxpayers
Normal Lodgement & Payment Date
|
Taxpayers
On Line Lodgement & Payment Date
|
Accountants
On Line Lodgement & Payment Date
|
|
September
|
28th
October
|
11th
November
|
25th
November
|
|
December
|
28th
February
|
28th
February
|
28th
February
|
|
March
|
28th
April
|
12th
May
|
26th
May
|
|
June
|
28th
July
|
11th
August
|
25th
August
|
If your annual turnover is less than $20 million, you
can lodge your Business Activity Statement monthly or quarterly. However, if
your annual turnover is $20 million or more, you must lodge your Business
Activity Statement and make payments electronically every month.
FURTHER
INFORMATION: The ATO website provides answers to some common
questions about the Activity Statement.
There are three
main areas reported on a BAS being:
The BAS can also include other taxes such as:
-
Fringe
Benefits Tax
-
Luxury
Wine Tax
-
Fuel
Tax Credits
-
Deferred Company Instalments
If you are not
registered for GST then you will need to report your tax obligations for PAYG
Withholding and Instalments on an Instalment Activity Statement (IAS).
| IMPORTANT DISCLAIMER: This article is published as a guide to clients and for their private information. This article does not constitute advice. Clients should not act solely on the basis of the material contained in this article. Items herein are general comments only and do not convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any of these areas. |
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