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False PAYG Summary & Unpaid Entitlements

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Newbie

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I have not been able to find the tax laws that relate to unpaid employee entitlements for the following situation;

Employed with business for 22 months, full time (21/7/15-2/6/17) The company had external administrators appointed for a voluntary liquidation. The company provided a false PAYG summary stating my yearly income and tax with holding to me as follows:

Rounded figures          PAYG     ACTUAL  Tax Withheld 

Gross payments        $51,000    $14,333       $11,500  

What income do I declare? Does the Tax Withheld remain the same considering that I worked during the time even though the wage was not paid. Happy to provide more info as needed for assistance in providing details as to what act, division etc that this is covered by.

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ATO Certified

Community Support

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Hi @Nicolovski,

 

Welcome to our Community!

 

Generally speaking, you should only declare the income that you were actually paid. If your payment summary is incorrect you should contact the administrator who issued the payment summary to you, notify them that it is incorrect and ask them to correct their records. We use information sent to us from your employer in our prefilling service to automatically load payment summary and other information into your myTax return. We also use this information for data matching against what you declare in your tax return and we may contact you if these amounts are different.

 

If you are unable to obtain accurate information from your employer or the administrators appointed for them, you will need to estimate your income and the amount withheld. To do this you can use records such as pay slips or bank statements showing the deposits of wages into your bank account.

 

For assistance with estimating your income you can refer to our gross pay estimator. This will give you an estimate of your gross pay based on your net pay for a particular pay period, either weekly, fortnightly or monthly and will allow you to estimate how much PAYG withholding to declare as well.

 

If you wish to receive tailor information relating to your specific circumstances, you can write in and request a private ruling. Private rulings are free services we provide as we aim to respond within 28 days of receiving your request.

 

Thanks.

1 REPLY 1
Highlighted

Best answer

ATO Certified

Community Support

Replies 0

Hi @Nicolovski,

 

Welcome to our Community!

 

Generally speaking, you should only declare the income that you were actually paid. If your payment summary is incorrect you should contact the administrator who issued the payment summary to you, notify them that it is incorrect and ask them to correct their records. We use information sent to us from your employer in our prefilling service to automatically load payment summary and other information into your myTax return. We also use this information for data matching against what you declare in your tax return and we may contact you if these amounts are different.

 

If you are unable to obtain accurate information from your employer or the administrators appointed for them, you will need to estimate your income and the amount withheld. To do this you can use records such as pay slips or bank statements showing the deposits of wages into your bank account.

 

For assistance with estimating your income you can refer to our gross pay estimator. This will give you an estimate of your gross pay based on your net pay for a particular pay period, either weekly, fortnightly or monthly and will allow you to estimate how much PAYG withholding to declare as well.

 

If you wish to receive tailor information relating to your specific circumstances, you can write in and request a private ruling. Private rulings are free services we provide as we aim to respond within 28 days of receiving your request.

 

Thanks.