03/09/2026
Been varying your PAYG instalments to nil? The ATO has started contacting taxpayers who do it repeatedly.
Instalments are meant to spread your tax across the year on business and investment income. Vary them down without solid grounds and the ATO can apply the general interest charge on the shortfall — an avoidable cost on top of the tax you already owed.
What actually protects you:
→ Review your instalment amount each quarter, not once a year
→ Base any variation on current, reasonable figures you can substantiate
→ Update the variation the moment your income changes
→ Keep the working papers behind the decision
If your instalments haven’t been looked at since your last return, now’s the time. We’ll review your position and set an amount that reflects what you’ll actually earn.
📍 Gregory Hills |
Book a PAYG instalment review — link in bio.