Activity Statements – avoid ATO penalties

Last November the ATO commenced sending out electronic activity statements (pay as you go (PAYG) or goods and services tax (GST)), as a replacement to paper versions of the statements, particularly if a business has made an electronic lodgement. 

However, this has not gone well, as in some cases clients have not received notifications. Demand-for-payment letters have been sent in relation to non-payment of the November 2020 instalment.

Your December quarter activity statements may have been sent electronically, accessible via the ATO business Portal or myGov.  If you are a self-lodger the ATO would have emailed you in February to let you know that the December 2020 PAYG and GST instalment notices are due for payment by 2 March 2021.

What do you need to do?

  • Check you myGov or ATO business Portal to see if your December activity statement was sent there,
  • Ensure you pay your PAYG and GST instalment notices by the 2 March.

 What is the ATO doing now?

The ATO has now acknowledged that issues have arisen because of these and has committed to reviewing the changes. They have advised that Paper PAYG and GST instalment notices had been temporarily reintroduced from March 2021.

We appreciate that this has the potential to be incredibly confusing, so if you have any questions or need assistance, contact your Aspen Corporate Advisor.

 


Sign up to receive the Aspen Corporate newsletter

* indicates required

You can unsubscribe at any time by clicking the link in the footer of our emails.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

 

 

 


CONTACT US

LEVEL 2, 102 BEAUFORT ST
PERTH WA 6000

PO BOX 8262
PERTH BUSINESS CENTRE
STIRLING ST
PERTH WA 6849
P +61 8 9228 0700
F +61 8 9228 0706
ADVISOR@ASPENCORP.COM.AU

 

LET US
CONTACT YOU