PAYG instalment variation
Start with the BAS quarter, then decide whether to vary
1
Which quarter are you preparing?
This controls which ATO instalment amounts are required and which cumulative formula applies.
2
Enter the ATO instalment amounts
Enter the amount shown by the ATO for this quarter and any earlier quarters in the same income year.
3
Only enter annual estimated tax if varying
Leave this off when the client is paying the ATO amount as issued.
Calculate a varied instalment
The annual estimate is the revised total tax expected for the full income year.
$
Q4 uses 100% of the annual estimate less earlier ATO instalments and variations.
Workbook formula mapping
Same calculation logic, shown as the quarter workflow
Q1
25% of annual varied tax estimateQ2
50% of annual estimate less Q1 ATO instalmentQ3
75% of annual estimate less Q1-Q2 ATO instalments and any prior variationsQ4
100% of annual estimate less Q1-Q3 ATO instalments and any prior variations