2nd Quarter 2026

21 OCTOBER 2025

• Annual pay as you go (PAYG) instalment notice (Form N) – due date for payment. Lodgement is only required if you vary the instalment amount or use the rate method to calculate the instalment.

• September 2025 monthly activity statements - final date for lodgement and payment.

Leaving debts outstanding with the Australian Taxation Office (ATO) is now more expensive for many taxpayers.

As we explained in the previous edition of our newsletter, general interest charge (GIC) and shortfall interest charge (SIC) imposed by the ATO is no longer tax-deductible from 1 July 2025. This applies regardless of whether the underlying tax debt relates to past or future income years.

In support of young Australians and in response to the rising cost of living, the Australian Government has passed legislation to reduce student loan debt by 20% and change the way that loan repayments are determined.

The Australian Taxation Office (ATO) is focusing on the application of Fringe Benefits Tax (FBT) to personal / private use of work vehicles. The ATO believes that this is something that is frequently overlooked.

Where employers supply work vehicles to employees, it’s important to check how they are being used and whether any FBT exemptions apply.