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  • Pay as you go instalments: what to know

    Your clients may be entered into PAYG instalments based on the instalment income reported in their last lodged tax return.

    Entering into PAYG instalments will help them make regular prepayments of the tax on their business and investment income.

    If your clients are starting PAYG instalments, it's a good time to remind them that they can start making payments once we send them a business activity statement (BAS) or instalment notice.

    In addition to you being able to lodge your clients' PAYG instalments obligations, your clients can also view and lodge their PAYG instalment obligations through our online channels.

    If your clients expect to receive more, or less business and investment income for the remainder of this income year, talk to them about varying their PAYG instalments. You can do this through your client's next activity statement when it is available in your practitioner lodgment service practice software or in Online services for agents.

    You must make variations on or before the payment due date. The varied amount will apply for all the remaining instalments unless you and your clients make another variation before the end of the income year. It is important your clients do not underestimate their income when they vary their instalments.

    Remember, from 1 July 2022, the gross domestic product (GDP) adjustment factor for the 2022–23 income year is 2%. This is used to work out your clients PAYG and GST instalment amounts.

    Last modified: 17 Oct 2022QC 70611