GST, WET, LCT and fuel tax credit disclosures

If you lodge activity statements you can make a voluntary disclosure by lodging a revised activity statement or by writing to us.

If you claim your fuel tax credits using a claim form, you may make a voluntary disclosure by asking for an amendment to your claim (see Fuel scheme claims).

Activity statements

You may be able to correct a mistake on your current activity statement (see Correct an activity statement). If you're not eligible to do this, you need to revise the earlier activity statement that you got wrong.

If the revision increases your GST or reduces your fuel tax credits, we treat the revised activity statement as a voluntary disclosure. This is likely to mean a reduction in penalties and interest imposed on you.

You can also make a voluntary disclosure if you've made a false or misleading statement on a previous activity statement.

If we've informed you that we are going to conduct a review or examination in relation to a particular accounting period or in relation to a specified matter, you can only correct errors for that period or matter by making a voluntary disclosure of any errors directly to the tax officer conducting the review or examination. You can't correct those errors on a current or later activity statement, by lodging a revised activity statement or by writing to us.

Property-related GST transactions

You need to tell us about any property-related GST mistakes you've made on your activity statement, and we have a specific form for this.

If you're 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.

The benefit of making a voluntary disclosure is that you won't have to pay any shortfall penalties that would otherwise be applicable, and any general interest charge (GIC) will be reduced.

See also:

Last modified: 03 Feb 2016QC 33816