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Can you apply a Medicare Entilement Statement for a previous FY?

Newbie

Views 430

Replies 3

Hi, 

If i have a Medicare Entitlement Statement that says I was not eligible for Medicare in a period from a previous FY, am I able to apply it and get a tax return adjustment the following FY?

Thanks

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Most helpful response

Megastar

Replies 1

@benny118I would suggest that you amend the previous years tax returns.

https://www.ato.gov.au/business/large-business/objections-and-amendments/

3 REPLIES 3

Devotee

Replies 0

@benny118 

 

unfortunately you can not do that, because the expense was in a totally different financial year.

 

All the best and stay safe

Most helpful response

Megastar

Replies 1

@benny118I would suggest that you amend the previous years tax returns.

https://www.ato.gov.au/business/large-business/objections-and-amendments/

Newbie

Replies 0

Cheers! Noticed that's the link for businesses, but for those interested:

https://www.ato.gov.au/general/correct-a-mistake-or-amend-a-return/correct-(amend)-an-income-tax-ret...