• Income tax returns

    Consolidation provides for the head company to lodge a single income tax return on behalf of the entire consolidated group. A subsidiary member will need to lodge a return only for any non-consolidation periods in an income year (for example, if the date of effect is part way through an income year). For more information on PAYG instalments and income tax returns refer to sections B3-2 'Paying PAYG instalments' and B3-3 'Determining annual liability' of the Consolidation reference manual.

      Last modified: 17 Sep 2007QC 27145