- The ATO will move around 3,500 small businesses from quarterly to monthly GST reporting starting April 1, 2025.
- This applies to businesses with a history of non-payment, late or non-lodgment, or incorrect reporting.
- The ATO will contact businesses and their tax professionals when the change occurs.
- The move aims to improve compliance and build good business habits.
- The change will remain in place for at least 12 months.
- The ATO is also focusing on contractors in certain industries omitting income and compliance with small business boost measures.
- A review process is available for businesses who believe they should remain on their current GST reporting cycle.
- The ATO will publish new focus areas quarterly.
Source: ato.gov.au
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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