In 2014, the ATO will be implementing changes to stop paper activity statements being sent.
Businesses use activity statements to report and pay a number of tax obligations, such as GST, PAYG instalments, withholding and fringe benefits tax.
This decision follows a thorough consultation process, including a six month pilot with tax practitioners and BAS agents, phone interviews and discussions at consultative forums.
Feedback from this consultation process has been used to develop the rollout of this change.
A few forms are exempt from this change, so it is important that businesses keep up to date with their obligations.
Online paper activity statements are a much faster and efficient approach for businesses and, in some circumstances, are given a two week extension to lodge the statements.
Businesses should review their practices to accommodate the move away from paper statements.
