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You're lucky. The ATO need the ITWV to be in by today to guarantee that your payments are varied from the first week of July. Last year I left mine until the end of May and the ATO still accommodated me. YMMV.
Someone told me that if you submit the PAYG variation and get it wrong, i.e. over state your expenses, the ATO will never approve your variation again. Is this true ? that seems a bit harsh. Especially with interest rates being more volatile. I thought you would just reconcile the differences in the following years tax return.
Seeking comment.
Thanks Rob.
So the ATO won't advance you the remaining $4K even though via the ITWV they're basically advancing you $12K via 12 x $1K instalments through the year. They'll accept your application but won't pay out in full until after EOFY.
Seems a bit inconsistent...
But you can roll forward the loss to offset against gains made in future financial years...
no l am on firefox
I am having problems too. It says I can use last years data for this year, so I can load last year's file and update as I go. So I scroll through making amendments where needed but when I try to submit it, it totally refuses to allow me to change the date. Then it gives me the error message that it must be dated today's date. Well I damn well know that so let me change it.......Rixter, I am using IE 8.0.6
Hey hey whos a cleaver chicken
I used to use I E so l thought l would log on through that server and it worked so l have now lodged our 2 ITWV forms successfully.Saved $400 at the accountants
Thanks heaps Rixter for the tip.
cheers
yadreamin