Revised Q1 BAS - resulting in less tax payable

Question

I discovered yesterday that we overstated the PAYG withheld in our Q1 BAS so we paid more to the ATO than we needed to. I have revised the Q1 BAS in MYOB to reflect the correct amounts but how do I make sure we get credit for the overpayment?

I have already lodged and paid for Q2 BAS so do I manually adjust it in Q3 in MYOB or will the ATO refund separately?

Thanks

tracey_h · Answer

Hi&nbsp;Rebekah5&nbsp;
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Sorry to see that no one has replied to you yet. I'd recommend speaking to your accountant about how you need to process the amendment and how the ATO will refund that overpayment.
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Once you know what you need to do I'll be happy to help with how to do it in the software.
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If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
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Revised Q1 BAS - resulting in less tax payable

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