Following the introduction of the new uplift requirements from the 2018 income year onwards, the date you file your clients' income tax returns for the prior income year can have a significant impact on the structure of their current year’s income tax payment.
If you would like to estimate the impact your filing date will have on your clients' uplift payments, use the "Uplift Scenarios" function in our client portal.
Once you have worked out the impact your filing date will have, you can then convert this into a payment plan by clicking the green “Start RIT Calculator” button. Uplift payment data based on prior year RITs will automatically flow through to the RIT Tool.
Benefits
- Gain an estimate of uplift payments so you can help your client plan their cashflow.
- Determine when the best time is to file your clients' income tax returns.
Do it all online in just a few minutes
In your client portal, select Manage Tax > Uplift Scenarios – or through Manage Tax > QUICKStart > Estimate a Tax Year – and follow the prompts.