The due date for lodgment of the annual report is determined by
- the class of payees the payer has included in the report, and
- whether there is agent involvement in the preparation of the report.
Payers who have only closely held payees and who meet the compliance test, will be eligible to access the 'closely held' lodgment concession. To receive the concession this year, the payer entity must have lodged both their:
- 2008 PAYG withholding payment summary annual report by 30 June 2009, and
- 2008 income tax return and not received failure to lodge on time (FTL) penalty for that return.
To help you, we will provide you with a list of clients to be granted the lodgment concession and also a list of clients that received the concession in the prior year, but are not currently eligible for the concession. The list will contain only those clients that have:
- a tax agent indicator on their income tax role, and
- passed the compliance test.
If you have no clients that meet these criteria, you will not receive a list. If you have no other clients that are eligible for the concession, you do not need to take any action with the list.
If you have eligible clients that require the concession and you did not receive a list, and/or those clients were not included on the list we sent you, you must advise us of their name and Australian business number (ABN) by 30 November 2009.
If you do not notify us by this date and you lodge their annual report after 30 September 2009, we may apply a FTL penalty which will only be remitted where extenuating circumstances exist.
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To find out how to advise us of additional clients, go to 2009 PAYG withholding payment summary annual report - lodgment concession.
This concession will not be granted if you notify us after 30 November 2009.
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The following table details lodgment dates for the PAYG withholding payment summary annual report.
Lodgment end date
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Description
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14 August 2009
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Reports for:
- large withholders (annual withholding > $1 million), or
- payers who do not have agent involvement in preparing the report.
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30 September 2009
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Reports for payers who have agent involvement in preparing the report and have:
- one or more arm's length payees, or
- only closely held payees but did not meet the compliance test.
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Due date of payer's income tax return
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Reports for payers, including personal services income (PSI) entities, who have agent involvement in preparing the report and:
- have only closely held payees, and
- meet the compliance test and notify us of any additional eligible clients by 30 November 2009.
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The key terms we use to determine the due date for lodgment of this obligation are:
- an arm's length payee is a payee (or employee) who is not directly associated with the payer, director, shareholder or beneficiary. For example, one who is an employee or contractor and has no other connection with the payer
- a closely held payee (or employee) is one who is a non-arm's length payee (or employee). The term non-arm's length payee (or employee) refers to one who is directly related to the entity from which they receive payments (the payer). Examples include a director of a company, the spouse and the children of the director, a shareholder or a beneficiary
- a personal services income entity is a company, partnership or trust in receipt of an individual's personal services income
- tax agent involvement is where the tax agent has provided advice to help their client prepare the PAYG withholding payment summary annual report (including checking the report to ensure it is completed correctly) or prepares the report.
Sections within Obligation type
Last Modified: Wednesday, 30 March 2011