Annual instalment activity statement (GI)For more information on Refer to Business activity statements on the ATO website for more information about the preparation and lodgment of Activity Statements, go to the Business activity statements page on the ATO website. The Activity Statements homepage functions streamline the process of electronic lodgmentstatements obligations homepage enables you to download your list of activity statement obligations from the ATO, download pre-fill data, create, and pre-lodge activity statements for PLS. For details refer to Activity Statements statement obligations homepage (ASO). For information on deleting Activity Statements activity statements refer to Working with Supporting Schedulessupporting schedules. Instalments | Most individuals and entities with business or investment income are required to pay Pay As You Go (PAYG) instalments on that income. Depending on certain criteria, quarterly or annual instalments may be made. Quarterly instalmentsPAYG instalments will generally be paid quarterly on the 28th of the month following the end of the quarter. However, these dates may be varied by the ATO who will advise if this is the case. If a taxpayer's income year ends on a date other than 30 June, the first instalment quarter consists of the first three months of the income year, and so on. Annual PAYG paymentsTaxpayers may pay annually if, at the end of the first instalment quarter for which they are liable to pay an instalment: | ANDFurther, if the taxpayer is a company, it must not be involved in a GST joint venture or part of an instalment group. An instalment group is a group of companies that are related to each other according to a majority control test. The group consists of: a controlling company (not under majority control of another company) that has the majority control of at least one other company, and each other company under the majority control of that controlling company.
If a business wishes to pay PAYG annually, and it meets the above criteria, the ATO must be notified by the due date for the first instalment for an income year for which it is liable. | the Annual Instalment Activity Statement: Click Preparation > Schedule an Annual activity instalment statement |
| UI Expand |
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title | Create an Annual instalment activity statement |
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| Click Preparation > Schedule > Annual Instalment Activity Statement (GI). Select the PAYG payment option:
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| '' to option 1 for eligible taxpayers to report and pay the annual PAYG Instalment amount advised by the ATO. If an eligible taxpayer chooses this method, they cannot revert to option 2 until the next income year.
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title | PAYG payment options |
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| Annual IAS |
| - Payment Option payment option 1- Label T5 ATO instalment amount: This is your notional tax amount as worked out by the ATO.
- Label T6 Varied instalment for the period: This is the calculated PAYG instalment for the period and is entered if the instalment is being varied from the amount notified by the ATO at Item T5.
- Label T4 Reason code for variation: If the instalment is being varied, the reason for the variation must be selected from the list, also see Label T4 below under Option 2.
- Label 5A Total amount payable: This amount shown in this field will equal T5 or T6 if the instalment amount has been varied.
Annual IAS |
| - Payment Option payment option 2- Label T1 PAYG Instalment income: Enter the taxpayer's instalment income for the instalment period.
- Label T2 Commissioner's rate: The instalment rate is provided by the ATO at Label T2 on each activity statement. This rate cannot be varied.
- Label T11: This is calculated as T1 X T2.
- Label 5A Total amount payable: This amount shown in this field will equal T11.
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UI Expand |
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title | Estimate of time taken to complete this form |
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| Enter |
| an estimate of the time that for you to complete this activity statement. Include the time actually spent: |
| , andELS Declaration for Annual UI Expand |
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title | Electronic declaration for IAS |
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| When the Annual |
| Instalment Activity Statement instalment activity statement is lodged |
| via ELS an ELS a declaration is required. As the declaration states |
| - – "This declaration is to be used if an entity chooses to use a third party for returning an |
| Activity Statement activity statement to the ATO |
| . It ", it is the responsibility of the entity to retain this declaration for a period of five years after the declaration is made. |
| How to : tick Click tick Click Annual annual IAS return, the necessary |
| Declaration declaration is included in the transmission file by Tax. |
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Solicited Reports Print Electronic Lodgment Declarations Labels A - Identity data ELS Declaration for Annual IAS For a PDF version of the Annual Instalment Activity Statement Tax codes click this link - Tag image PDFBack to Activity Statements |