SME Communicator - July 2011

Is your GST lodgment up to date?

We are continuing to expand our ability to identify non-lodgers and detect businesses that over claim entitlements, deliberately under report or omit income and use cash transactions to hide income. Our lodgment enforcement work is focused on identifying and bringing to account taxpayers who are not lodging business activity statements and often ignore repeated requests from us to get their affairs in order.

We encourage you to review your activity statement obligations and check you are lodging correctly, and on time. We may contact you if your lodgment is not up to date.

We're also expanding our capability to data match information provided in activity statements with a variety of third-party sources such as property sales and Centrelink data.

If you know you will be lodging or paying late, phone us on 13 28 66 to check if alternative arrangements can be made.

Remember, if you have made a mistake with your tax affairs, and let us know before you are reviewed or audited, penalties and interest may be reduced.

For more information, refer to Targeting GST compliance. For more about your lodgment obligation, refer to: Guide to activity statements Key lodgment dates for businesses.