The ATO advises agents that in early 2013, it will send annual pay as you go (PAYG) instalment notices to taxpayers. Payment is due by 21 October 2013.
If clients want to vary the instalment amount or calculate the instalment using the income times rate method, they must lodge the notice by the same date.
Clients' income tax return assessments will include a credit for their annual PAYG instalments, regardless of whether they have paid this amount. If their income tax returns are lodged before they pay the annual instalment, they must still pay this liability by the due date.
Agents can view their client’s integrated account through the Tax Agent Portal by selecting 'Your Clients' – 'Client Accounts' to work out whether they have a PAYG instalment liability.