I recently found out only income payed during the financial year, not all income earned, should be included on your tax return. I was on a working holiday in the UK between June and November last year. On my 2022-23 tax return, I included the income I earned in June. I now realise that that income should have been included on this year’s return, as it was payed in July. Should I include that income in this year’s return as well, and inform the ATO of my mistake so that last year’s return can be amended?
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210 views
1 replies