Question
Complete the following tables for the lodgement schedule requirements for BAS/IAS lodgements. Choose the correct'Remittance due' timing for each type. (a) GST amounts: Taxpayer Type
Complete the following tables for the lodgement schedule requirements for BAS/IAS lodgements.
Choose the correct'Remittance due' timing for each type.
(a)GST amounts:
Taxpayer Type | Report required | Remittance due |
Small | BAS/Annual GST Return | AnswerAnnuallyQuarterlyMonthlyFirst Monday or ThursdayTwice-yearly |
Medium | BAS quarterly | AnswerAnnuallyQuarterlyMonthlyFirst Monday or ThursdayTwice-yearly |
Large | BAS monthly | AnswerAnnuallyQuarterlyMonthlyFirst Monday or ThursdayTwice-yearly |
(b)PAYG Withholding amounts:
Taxpayer Type | Report required | Remittance due |
Small withholder | BAS/IAS quarterly | AnswerAnnuallyQuarterlyMonthlyFirst Monday or ThursdayTwice-yearly |
Medium withholder | BAS/IAS monthly | AnswerAnnuallyQuarterlyMonthlyFirst Monday or ThursdayTwice-yearly |
Large withholder | IAS monthly | AnswerAnnuallyQuarterlyMonthlyFirst Monday or ThursdayTwice-yearly |
(c)PAYG Instalments:
Taxpayer Type | Report required | Remittance due |
Individuals with notional tax less than $8,000 or, registered for GST and report GST annually | BAS/IAS annually | AnswerAnnuallyQuarterlyMonthlyFirst Monday or ThursdayTwice-yearly |
Individuals deriving primary production income or special professional income | BAS twice-yearly | AnswerAnnuallyQuarterlyMonthlyFirst Monday or ThursdayTwice-yearly |
All other entities not using annual instalment | BAS quarterly | AnswerAnnuallyQuarterlyMonthlyFirst Monday or ThursdayTwice-yearly |
(d)FBT instalments:
Annual PAYG Instalments | Report required | Remittance due |
FBT instalments | BAS/IAS quarterly |
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