Activity statement update - Quarter 1 2011-12
Activity statement update - Quarter 1 2011-12
About activity statement update
Activity statement update helps you prepare your activity statements:
- letting you know of legislative changes
- advertising new products and services
- informing you of new issues, and
- alerting you to common errors and problems.
You can download this publication in Portable Document Format (PDF) - download the activity statement update for quarter 1 2011-12 (NAT 16524, PDF, 432KB).
We have increased individual taxpayers' pay as you go (PAYG) instalment amounts and rates to cover the flood levy, unless our records show people are exempt.
The flood levy was introduced for one year to help affected communities recover from recent natural disasters.
Individual taxpayers (both residents and foreign residents) with a taxable income over $50,000 in the 2011-12 financial year have to pay the levy.
Where we identified people as exempt, we have written to them and not included the flood levy in their 2011-12 instalments.
If they did not receive a letter but our website confirms they are exempt, they can vary their 2011-12 instalment rate.
Read more information about exemption and varying instalments.
New PAYG withholding tax tables
New pay as you go (PAYG) withholding tax tables for payments made from 1 July 2011 are available on our website, at most newsagents, from our shopfronts, or by phoning 1300 720 092.
From 1 December 2011, businesses using gaseous fuels (liquefied petroleum gas, liquefied natural gas and compressed natural gas) in eligible business activities may be entitled to fuel tax credits.
For more information, visit www.ato.gov.au and search for 'QC00284663'.
From 1 July 2011, the amount of fuel tax credits for heavy vehicles using taxable fuel and travelling on public roads has reduced, due to an increase in the road user charge.
If you are eligible, you can either pay the pay as you go (PAYG) instalment amount we work out or calculate your instalment from actual income.
The method you choose in the first quarter activity statement will apply for the rest of the financial year. If you don't choose, the instalment amount applies.
If we advise that you are eligible to pay an annual pay as you go (PAYG) instalment, and you take this option, you need to tell us by the date your first quarterly instalment is due.
To do so, phone 13 72 26 and follow the prompts.
Recent legislation reduced the gross domestic product (GDP) adjustment factor for 2011-12 pay as you go (PAYG) instalments from 8% to 4%.
The reduced percentage applies to taxpayers whose 2011-12 income year starts on or after 1 April 2011. The GDP adjustment to PAYG instalments is made annually, based on economic data.
In 2011-12, we will use new risk filters and models to detect incorrect or fraudulent refund claims or claims for credits on activity statements.
Read our new guide Understanding tax-effective investments.
Allow sufficient time for your activity statement to arrive by the due date.
This helps us process your information promptly. Late arrival may result in interest and penalties.
Lodgment and payment of the new annual activity statement for TFN withholding for closely held trusts are due by 28 October.
Only registered tax or BAS agents can charge a fee to prepare and lodge activity statements. Make sure your agent is registered by checking the Tax Practitioners Board (TPB) online register at www.tpb.gov.au.
To contact the TPB about an agent's professional conduct or an unregistered preparer, email firstname.lastname@example.org or phone 1300 362 829.
You need to lodge a nil activity statement for any period with no business activity.
Phone us on 13 72 26 (available 24 hours a day, seven days a week).
You need to lodge even if you are unable to pay.
To make a payment arrangement, phone us on:
- business 13 72 26
- personal 13 28 65.
You can lodge your activity statement online directly from Standard Business Reporting (SBR) enabled software.
- Visit our website at www.ato.gov.au
- Phone us on 13 28 66 between 8.00am and 6.00pm, Monday to Friday
Find us on:
If you do not speak English well and need help from the ATO, phone the Translating and Interpreting Service on 13 14 50.
If you are deaf, or have a hearing or speech impairment, phone us through the National Relay Service (NRS) on the numbers listed below:
- TT Y users, phone 13 36 77 and ask for the ATO number you need
- Speak and Listen (speech-to-speech relay) users, phone 1300 555 727 and ask for the ATO number you need
- Internet relay users, connect to the NRS on www.relayservice.com.au and ask for the ATO number you need.
Last Modified: Thursday, 8 September 2011