PAYG Late Lodgement Period

 Author: AlliATO(Community Support)Community Support

ATO Certified Response22 Nov 2023

Hi @Yondy

If this is the first time you've been placed into the PAYG instalment (PAYGI) system, it tells me you've reported $4,000 or more gross business and/or investment income in your last return that resulted in a tax bill of more than $1,000.

When this happens, we place you into the PAYGI system and send out a letter this will go to the postal address you have in your online service for your income tax account and/or to you myGov inbox. If your postal address is your tax agent, you can speak to them about not forwarding this on to you to avoid something like this happening to you again.

You don’t need the form to finalise before making a payment. From your online service if you go to Tax > Payments > If you click on the BPAY option it will provide you with the biller code and a payment reference number (PRN) for the Activity statement account. This will allow you to make a payment through your bank or credit card.

The amount you’ll pay will be the ATO instalment amount if you selected option 1 or the amount you varied the instalment to if you opted to make a variation. If you selected option 2 it will be the amount you calculated.

General interest charges are calculated daily and added to an account once a month, depending on the amount it may not be payable.

When forms are lodged late, they may incur a penalty for Failure to lodge on time this is generally system raised and a letter will issue to advise you if the penalty has been imposed. You can see if these charges have been raised on your account by going to Tax > Accounts > Tax accounts > Activity statement blue link.

PAYGI statements will generally be finalised straight away or within 2 weeks of being lodged, if this hasn’t happened you may need to speak with our business area for them to investigate for you. 

For more information check out our PAYG instalment article.