Lodgment program 2011-12 - details of the program

Substituted accounting periods

Taxpayers who have been granted leave to adopt a SAP must meet the following lodgment requirements:

• individuals, partnerships and trusts - due date for lodgment is no later than four months after the close of the accounting period adopted 
• companies and super funds (excluding NFSA) - due date for payment is the first day of the sixth month after the close of the accounting period adopted
• companies and super funds (excluding NFSA) - due date for lodgment is the fifteenth day of the seventh month after the close of the accounting period adopted.

The lodgment concession available to SAPs does not apply where the SAP entity is not a full self-assessment taxpayer.

Early December balancing company and super fund clients This year's lodgment program retains the electronic lodgment concession to 31 July for early balancing December SAP clients. This was introduced in the Lodgment program 2009-10. Currently, a full self-assessment company or super fund that is an early December balancer, must lodge a return no later than the fifteenth day of the seventh month after the end of their year of income. The due date for lodgment for these entities is 15 July. A lodgment concession to 31 July will be granted if you lodge your client's return electronically by 31 July. We have granted this concession in response to feedback from tax practitioners that tax time software availability makes it difficult to meet the lodgment due date of 15 July. This is particularly the case where firms create their own software using the ELS specifications. This is a lodgment concession only. Payment, if required, is still due on the first day of the sixth month after their year of income, which is 1 June. We will not apply a FTL penalty to early December balancing SAP clients when their return is lodged electronically by 31 July.

The self-assessed deferral option does not apply to income tax returns for SAP taxpayers.

Clients operating under approved SAP can be identified on income tax client listings from the codes shown in the SAP column. The codes shown in the SAP column can be converted to balance dates using the following table:

SAP code	Approved balance date	Term used in lodgment program
A	31/12/2010	Early December balancer Note: See Early December balancing company and superannuation fund clients for information on the availability of an electronic lodgment concession to 31 July
B	31/01/2011	January balancer
C	28/02/2011	February balancer
D	31/03/2011	March balancer
E	30/04/2011	April balancer
F	31/05/2011	May balancer
G	31/07/2011	July balancer
H	31/08/2011	August balancer
I	30/09/2011	September balancer
J	31/10/2011	October balancer
K	30/11/2011	November balancer
L	31/12/2011	Late December balancer

Regardless of the actual date the entity balances, it is deemed to have a financial year ending on the last day of the relevant month.

Income tax returns for taxpayers using a SAP should be made on the return form for the year in lieu of which the accounting period has been adopted. For example, you should prepare an early balancing 2011 income tax return on 2011 tax return stationery.

While we make every effort to release tax time stationery as early as possible, if the relevant form has not been produced by the date the taxpayer must lodge, you should use the 2010 return form. In these cases, you:

• cannot lodge the return electronically
• must write the year of income that the SAP replaces on page one of the return - failure to do so may result in the lodged return being rejected 
• must provide us with the information requested under any new labels on the 2011 return form - this must be done shortly after the 2011 stationery has been released.

Sections within Client type - income tax returns

• Individuals and trusts
• Partnerships
• Companies and super funds
• Large/medium business taxpayers
• Consolidated groups
• Substituted accounting periods
• Taxpayers with overdue income tax returns
• Taxpayers with a lodgment prosecution