Hi,
We need to lodge a revision to an Instalment Activity Statement. My CFO is concerned that when preparing the revision, the whole $19k shows as payable on the revision, even though we have already paid the bulk of this. The difference between the original lodgement and the revision is only $350.
Can someone please confirm that the revision is prepared as a whole new activity statement and will show the full PAYG withheld as being payable (as if the original never happened). It is only after lodgement that the ATO will automatically and immediately reconcile the amount paid for the original statement against the revised lodgement, and advise the difference payable.
Thank you
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282 views
1 replies