Monthly PAYG payers – Simpler (additional) method registered – first two months based on 1/3rd of last quarter with wash up payment to finish [1]

The ATO has made a determination (registered on Thur 7.11.2013) which provides certain monthly PAYG instalment payers with an additional and simplified method of working out the amount of monthly instalment liabilities in accordance with the Taxation Administration Act 1953. The ATO noted that during consultation of the proposed changes to introduce monthly PAYG instalments…