Hoping those with decent understanding of tax can offer some advice.
I have just been notified that my last two years PAYG summaries were incorrect.
Work uses a salary packaging company to administer out salary packaging.
But as well as salary packaging, I get a full personal use work vehicle.
Apparently the finance department should have added the value of the car to my fringe benefits info provided by the salary packaging company to get an overall fbt figure. Last two years, for some reason, they didn't do that. Yet did in previous years?!?!?
From what they've told me, it won't make a difference to tax payable, but if I received any ftb or ccb or ccr it will impact.
I'm annoyed because I didn't claim any ftb or ccb but got credited back some after doing my tax. It was only a small amount, a few hundred dollars.
How does the tax office view this?
If work reissues payment summaries for those two years, do I need to resubmit tax returns for those years?
Does the tax office care whose fault it is? Is it a case of, if I didn't know, no problem, but now I do know, I'm obliged to correct it?