GST, WET and fuel tax credit disclosures
If you lodge business activity statements you can make a voluntary disclosure by lodging a revised activity statement. We have a specific form you can use to tell us about any mistakes relating to property that you have made on your activity statement. For example, not making an adjustment when it was due.
If you claim your fuel tax credits using a claim form, see Non-BAS claimants.
BAS lodgers
If the correction limits prevent you from using your current activity statement to correct mistakes you have made on an earlier activity statement, you need to revise that earlier activity statement.
If the revision increases your GST or reduces your fuel tax credits, we treat that revised activity statement as a voluntary disclosure. This is likely to mean that you will receive the penalties and interest concessions available.
You can also make a voluntary disclosure if you have made a false or misleading statement on a previous activity statement.
If we have informed you that we are going to conduct a review or examination in relation to a particular accounting period, you cannot correct any errors for that accounting period by using your current activity statement or lodging a revised activity statement. You may make a voluntary disclosure of any errors directly to the tax officer conducting the review or examination.
Property transactions
If you are a property owner, developer or are registered for GST and you use your property in a way that is different from the way you planned to, you may have to report a GST adjustment. You can also make a 'creditable purpose' adjustment for property transactions that you did not report, rather than revise the activity statement that covers the period the change occurred.
Use the form (NAT 72625) provided in Reporting mistakes on GST and property transactions to tell us about any property-related mistakes you have made on your activity statement, for example, if you did not make an adjustment when it was due. (You cannot use this form to amend your information if we have told you we are going to conduct an examination.)
The benefit of making this disclosure is that you will not have to pay any shortfall penalties that would otherwise be applicable and any general interest charge (GIC) will be reduced.
Send your completed form to the address or fax number shown on the form.
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To discuss a mistake, contact us.
For more information, refer to:
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Non-BAS claimants
People who use a claim form to claim their fuel tax credits (that is, people who generate domestic electricity and non-profit organisations operating emergency vehicles or vessels) may make a voluntary disclosure by asking for an amendment to their claim.
Sections within Make a voluntary disclosure
Last Modified: Monday, 20 May 2013