The first quarter of the financial year brings a key obligation for your clients entering the pay as you go (PAYG) instalment system – finalising their first instalment activity statement (IAS) Form B.
Unlike later instalments, Form B behaves differently in Online services for agents and it’s easy to miss if you’re not familiar with the process.
What’s different about Form B
- We raise Form B automatically when a client enters the PAYG instalment system.
- It doesn't appear in your Online services for agents Communication history, and it won't trigger standard notifications.
- Form B lets you choose your client's reporting method for the year – either by rate or amount.
Form B in Online services for agents
Your clients' Form B for quarter 1 are now available.
Check your Outstanding activity statements report in Online services for agents after the quarterly activity statement generate date and before the due date to identify all activity statements for your clients.
Our short how-to video shows you how to request and view the Outstanding activity statements report. You can download the list in CSV format and filter by client.
Finalising Form B
To finalise Form B, select your client’s instalment rate or amount for the year.
Rate
If you choose the rate option your client will continue to receive Form B. Each quarter:
- you’ll need to use the Outstanding activity statements report to track when your client's instalments are due
- your client won't receive quarterly Digital Instalment Notices for their Form B.
Amount
You can select the amount option, or if your client's Form B isn't lodged it applies by default. When the amount method applies:
- you will begin receiving quarterly Digital Instalment Notices for your client, which will appear in your Online services for agents Communication history
- we will issue your client an IAS Form R, S or T for future quarters.