Tax period ending 30 June 2023
MR JAMES R CHARTERS
PO BOX 336 Tax file number 343 049 645
BALLARAT VIC 3353 Date of issue 09 January 2024
Our reference 312 914 949 7638
Internet: www.ato.gov.au Phone enquiries: 13 28 61
Notice of assessment - year ended 30 June 2023
Income Tax Assessment Act 1936 and Income Tax Assessment Act 1997
Description Debits $ Credits $
Your taxable income is $285,003
Tax on your taxable or net income 98,918.35
Less non-refundable tax offsets
Foreign income tax offsets 3.30
Less refundable tax offsets
Franking credit offset 9.03
Assessed tax payable $98,906.02 DR
Plus other liabilities
Medicare levy 5,700.06
Excess private health reduction or refund (rebate reduced) 134.00
Less tax offset refunds 0.00
Less Pay as you go (PAYG) credits and other entitlements
PAYG withholding (eg tax deducted by your employer or bank) 96,473.00
Result of this notice 8,267.05 DR
Amount payable on this notice $8,267.05 DR
71092.101658-02-2022
Where any amount is not paid by the due date, General Interest Charge (GIC)
accrues on the outstanding balance until the entire amount has been paid Payment for this notice was due 21 November 2023
David Allen Please keep this notice for future reference
Deputy Commissioner of Taxation Please see over for important information about your assessment
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PAYMENT SLIP - 01
Australian Taxation Office
JAMES R CHARTERS
TFN 343 049 645/00551
Amount due $8,267.05
PRN 551 00343 049 645 7201
Australian Taxation Office
Locked Bag 1936
ALBURY NSW 1936 ·!MSÎB>Q`Y4*Îrc%;Ä
*171 551003430496457201
<343049645>551< > < 000000> 010< 826705>
IMPORTANT INFORMATION
Payment of tax
You must pay the amount shown on the front of this notice by the due date even if you have lodged a private ruling application, objection or
amendment request. Interest charges will apply if you do not pay by the due date. If you cannot pay your tax on time, phone us on the
numbers listed below to discuss your situation.
Date for payment of other amounts
The date for payment shown on this notice refers only to the balance of this assessment. If you owe us other amounts, the dates for
payment of those amounts remain as previously notified.
If you disagree with your assessment
If you think this assessment is wrong, check all the details on this notice with those on your tax return. If you think there is a problem, phone
us on the numbers listed below. You can write to us and object to the assessment if you still disagree with it. Objection forms and information
about how to lodge an objection are available from our website at www.ato.gov.au/object or by phoning the numbers listed below. If you
disagree with our decision on your objection you can apply for an independent, external review. When we give you our decision we will let
you know if you can apply to the Administrative Appeals Tribunal for a review or appeal to the Federal Court.
We may amend your assessment
The law gives us time to review information you have given us. Generally, we have two years from the date of the income tax assessment,
but in some cases we have longer. If we find the information you provided was not correct we may amend this assessment. More information
is available at www.ato.gov.au/notices
Record keeping
You must keep the records, receipts and other documentation you have used to prepare your return. Generally you need to keep them for
five years. More information about record keeping is available at www.ato.gov.au/notices
Keeping this notice of assessment for future reference
You should keep this notice as part of your taxation records as you may be asked to provide details from it when phoning us. This notice
also contains a reference number required for lodging a future income tax return online.
Protecting your privacy when you phone us
If you phone us we need to know we are talking to the correct person before providing account information. We will ask you for details only
you, or your authorised representative, would know. It will be helpful if you have your tax file number or Australian business number and a
copy of this notice ready when you phone us.
Your rights and obligations
For information about your rights and obligations go to www.ato.gov.au/taxpayerscharter
How to contact us
For an explanation of this notice:
Individuals – phone us on 13 28 61 (8.00am – 6.00pm Monday to Friday)
Businesses – phone us on 13 28 66 (8.00am – 6.00pm Monday to Friday)
To make an arrangement to pay you can contact our automated self help 24 hours per day, seven days a week on 13 28 65
If you do not speak English and need help from us phone the Translating and Interpreting Service on 13 14 50
If you have a hearing or speech impairment phone the National Relay Service on 13 36 77
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HOW TO PAY
Your payment reference number (PRN) is: 551003430496457201
BPAY® CREDIT OR DEBIT CARD
Pay online with your credit or debit card at
Biller code: 75556
www.governmenteasypay.gov.au/PayATO
Ref: 551003430496457201
To pay by phone, call the Government EasyPay service on 1300 898 089.
Telephone & Internet Banking – BPAY® A card payment fee applies.
Contact your bank or financial institution
to make this payment from your cheque, OTHER PAYMENT OPTIONS
savings, debit or credit card account.
More info: www.bpay.com.au For other payment options, visit www.ato.gov.au/paymentoptions
CHARTERS, JAMES R Tax file number: 343 049 645 Tax period ending: 30 June 2023
Other information relevant to your assessment:
The Commissioner rounds down certain small amounts that may be owed by you or may be refunded to you. You may have transactions on
your account where this has occurred.
Based on your income for surcharge purposes, your private health insurance rebate entitlement has been reduced by the amount shown
under other liabilities on your notice. For more information on the private health insurance rebate, visit our website,
www.ato.gov.au/privatehealthinsurance
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IMPORTANT INFORMATION (CONT.)
Explanation of terms used in your notice of assessment
Tax on taxable income
We calculate the amount of tax you pay on your taxable income. We work it out based on the information in your tax return. This amount
may be nil.
Tax offsets
Tax offsets directly reduce the amount of tax you pay. They are not the same as deductions. Deductions are taken off your income before
your tax is worked out. With a tax offset, we work out the tax due on your taxable income then reduce it by the total amount of your tax
offsets.
Non-refundable tax offsets
Most tax offsets are non-refundable and generally can only reduce the amount of tax on your taxable income to zero. This means that if
your non-refundable tax offsets are greater than your tax on your taxable income, you do not get a refund of the excess amount. Usually,
you cannot transfer the excess or carry it forward to a later income year. It does not reduce your Medicare levy or Medicare levy
surcharge unless specific legislation allows.
Refundable tax offsets and tax offset refunds
If you are entitled to any refundable tax offsets, they reduce the amount of tax on your taxable income. If the tax on your taxable income is
reduced to zero and not all of your refundable tax offsets have been used up, the remaining amount will be shown at ‘tax offset refunds’.
This amount will be allocated against any outstanding liabilities, including Medicare.
PAYG credits and other entitlements
Includes any credits or interest entitlements that have been taken into account in working out your refund or amount owing. An example of
these credits is any tax that was deducted by your employer or bank from payments they made to you during the financial year.
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