Changes to PAYG and GST instalment notices
The ATO has advised they will no longer issue paper instalment notices for PAYG and GST quarterly instalments once an activity statement or instalment notice is lodged, revised or varied electronically through:
- a myGov account linked to the ATO
- the Business Portal
- Online services for agents
- the practitioner lodgment service (PLS)
- Standard Business Reporting (SBR)-enabled software
You can access the instalment amount online three to four days after the activity statement generate date. Be aware that a single, one-off electronic variation or revision will result in an end to paper activity statements and instalment notices. This includes if you vary a PAYG instalment amount or rate online. You will need to consider this when deciding how to lodge, revise and vary future activity statements and instalment amounts.
If you need any further assistance, please contact KMT Partners adviser.