1/09/2010: ATO flags overdue lodgment obligations

The ATO will alert all Accounting agencies whose clients have overdue tax lodgments. This is set for the 7th September, and clients are advised to ensure that all overdue documents are completed and lodged as soon as possible. There will be a due date issued by the ATO.

Clients of company, trust, partnership and individual must have lodged:

• income tax returns for any period between 1 July 2005 and 30 June 2009
• activity statements for any period between 1 July 2005 and 31 December 2009.

Penalties may be imposed for failing to lodge by the due date and charges apply for late payment of any outstanding amounts. If clients are prosecuted, court fines may also apply.

Categorised in: News AUS

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