• Taxable government grants and payments

    In line with our Taxable government grants and payments data-matching protocol, we request data from various federal, state and local government agencies to match with information we hold.

    We may send you a letter about taxable government grants and payments if we receive information that you obtained a government grant or payment and you did not include this income in your tax return.

    The letter will include a schedule showing the relevant information from your tax return compared with information we hold.

    Understanding your taxable government grant or payment schedule

    Below is a sample schedule. Keep in mind that your schedule will contain your details and may not look exactly like this one.

    Sample taxable government grant or payment schedule

    Income schedule
    for the year ended 30 June 2015

    Tax return item and description

    Amount you declared

    Discrepancy

    Proposed adjustment amount

    Assessable government industry payment

    $0

    $20,000

    $20,000

    Other gross income

    $3,000

    $25,000

    $28,000

    Total income

    $3,000

    $45,000

    $48,000

    Payer ABN

    Payer name

    Payee name reported to us

    Amount

    00 123 456 789

    Department/council

    Payee name

    $20,000

    00 123 456 790

    Department/council

    Payee name

    $28,000

    The following definitions will help you understand your schedule:

    • Tax return item and description – The relevant item on your tax return.
    • Amount you declared – The amount you declared against each applicable item on your tax return.
    • Discrepancy – The difference between the amount you declared on your tax return and the amount that has been reported to us.
    • Proposed adjustment amount – The amount we propose to include on your tax return.
    • Payer ABN – The ABN of the reporting payer for each source of income, as reported to us.
    • Payer name – The name of the reporting payer for each source of income, as reported to us.
    • Payee name reported to us – The name of the recipient for each source of income, as reported to us.
    • Amount – The amount of income reported to us.

    Next step:

    See also:

    Last modified: 11 Feb 2016QC 43497