Businesses prepare and lodge activity statements with the ATO on either a quarterly,
monthly or annual basis. There are basically two types of statements. These are
the Business Activity Statements (BAS); and Instalment Activity Statement (IAS)
A BAS will always be lodged where you are registered for GST. It will generally
include reporting for GST, FBT, Fuel Excise, PAYGI, PAYGW as well as other taxes
and rebates. If you are not registered or reporting for GST, you may still be required
to lodge an IAS where you have liabilities or entitlements to pay or report for
the other taxes.
You may elect to lodge your activity statements quarterly, monthly or annually.
The ATO Website provides instructions on how to complete sections of the activity
statement:
Where annual turnover is less than $20 million, you can lodge your Business Activity
Statement monthly or quarterly. However, if your annual turnover is $20 million
or more, you must lodge your Business Activity Statement and make payments electronically
every month.
The ATO website provides answers to some common questions
about the Activity Statement
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