Pre-filling 2012

ATO interest

New section in 2012. This information was previously displayed in the Income summary, the Interest income section and/or the Deductions section, as applicable.

Assessable interest amounts we pay will display at item 10 - Gross interest, and will include:

• interest on early payments (IEP)
• interest on overpayments (IOP)
• delayed refund interest (DRI).

Assessable interest amounts we remit will display at item 24 - Other income, and will include remitted:

• general interest charges (GIC)
• shortfall interest charges (SIC)
• late payment interest (LPI).

Deductible interest amounts we impose will display at item D10 - Cost of managing tax affairs, and will include imposed:

• GIC
• SIC
• LPI.

Details about how amounts are calculated and the scenarios in which the figures provided in the pre-filling report cannot be used can be found at Calculating ATO interest.

Sections within Pre-filling report 2012 contents

• Taxpayer details
• Other information
• Income summary
• Deductions
• Tax offsets
• Private health insurance policy details
• Education tax refund (ETR)
• Flood levy exemption
• Income test related items
• ATO interest
• PAYG payment summaries
• Government payments
• Interest income
• Dividend income
• Employee share schemes
• Managed funds distributions
• Share disposals
• Net farm management deposits or withdrawals
• Prior year tax return details