Glossary beginning with N

Click one of the letters above to go to the page of all terms beginning with that letter.
Net amount payable search for term

The total amount required to be paid to the ATO. It includes an individual's tax payable and their Medicare levy (if applicable), less any credits for tax offsets and PAYG amounts.

Notice of assessment search for term

The notice sent to an individual after their tax return has been processed, advising them of the tax they owe or their refund entitlement.

  • Fact 13

    During World War I, many taxpayers felt that it was their patriotic duty to pay more than their assessed tax. Some were not legally obliged to pay tax but did so and others made payments of double, treble or quadruple the assessed amounts.

Pre-filling service

A service that partially completes an individual's myTax return by automatically filling in information the ATO has received from employers, superannuation funds and financial institutions.

read more glossary terms