Taxation Ruling
IT 2241W - Notice of Withdrawal
Income tax: provisional tax variations: recalculation of additional tax for late lodgment
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Please note that the PDF version is the authorised version of this withdrawal notice.
FOI status:
may be releasedNotice of Withdrawal
Taxation Ruling IT 2241 is withdrawn with effect from today.
1. Taxation Ruling IT 2241 outlines the Tax Office policy of recalculating the amount of additional tax for late lodgment raised on assessment where a provisional tax debit notified on the assessment is subsequently varied to reduce the taxpayer's liability.
2. Provisional tax is not payable in relation to the 2000-2001 income year and later years. Furthermore, a uniform administrative penalty regime was introduced for the 2000-2001 and later income years, and the penalty for failing to lodge a document on time (under Division 286 of Schedule 1 to the Taxation Administration Act 1953) is now calculated by reference to penalty units, rather than the relevant tax liability.
3. For these reasons, this Ruling is no longer current.
Commissioner of Taxation
6 September 2006