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  • Have you lodged your March BAS yet?

    11 May 2020

    If you recently lodged your March BAS, you may have noticed an additional credit.

    Eligible employers are starting to receive the cash flow boost on their March activity statement account. This will generally equal $10,000 or the amount withheld from payments you've made to workers, whichever is the larger amount, up to $50,000.

    If you haven't lodged yet, there's still time. You don't need to apply. If you're eligible, the cash flow boost will automatically be credited when you lodge your March activity statement.

    Some employers may not be automatically eligible. If this is the case, we will need some additional information to determine your eligibility. We've recently updated ato.gov.au to include:

    • special eligibility rules, with examples, on topics such as new businesses and those not registered for GST
    • how to provide us with additional information to determine your eligibility.

    When you receive a cash flow boost, it will be credited against anything you owe in that activity statement. For example, if you have PAYG withholding and GST payable, the boost will be credited against those amounts.

    Any excess credit will be refunded to you. Ensure your financial details are up-to-date by checking and updating associated bank accounts through the Business Portal or myGov.

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