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  • Tax Time update – 9 July 2019

    Since 1 July 2019 we have received over 970,000 Individual lodgments as at Tuesday 09 July 2019.

    Over 830,000 have been for current year returns, with a further 130,000 for prior year returns:

    • over 690,000 Individual lodgments via ATO Online
    • over 270,000 Individual lodgments via PLS.

    For the same period last Tax Time, we had received over 610,000 Individual lodgments. Over 570,000 were for current year returns with 35,000 for prior years.

    Current year finalised and unfinalised pre-fill count

    Pre-fill Count as of 8 July

    Current year

    Single Touch Payroll - Finalised

    7,042,440

    Single Touch Payroll - Unfinalised

    3,428,533

    Low and Middle Income Tax offset

    The ATO started issuing a range of communications on Friday 5 July 2019 once the Treasury Laws Amendment (Tax Relief So Working Australians Keep More Of Their Money) Bill 2019 received royal assent and became law.

    As part of the package, the updated low and middle income tax offset (LMITO) will be automatically applied to assessments for the 2018-19 financial year. The LMITO entitlement is calculated based on the taxable income and is not pro-rated. 

    There are a number of 2019 returns lodged early that have been processed, including deceased estates and taxpayers that have left Australia.  The ATO will review and automatically amend returns if they are entitled to a larger offset as a result of the LMITO changes.  Tax Practitioners and clients don’t need to do anything further.

    See also:

    Incorrect lodgment due dates displaying on agent lodgment status On-demand reports

    Some agents may currently be finding discrepancies when reviewing their clients’ Income tax lodgment status On-demand report.

    ATO systems gradually update all taxpayer lodgment due dates over a three week period commencing from 1 July.  The system will initially show the legislated due date prior to applying the concessions applicable for agents. 

    The lodgment due dates for all of an agent’s clients will be available in Online services for agents and the Tax Agent Portal by the end of July 2019. 

    See also:

    Inappropriate use of myGov

    The ATO have identified some registered tax agents and unregistered preparers using taxpayers’ personal login details to access their ATO Online account through myGov to lodge tax returns on behalf of their clients. myTax is not an approved lodgment channel for registered agents and is a breach of the ATO Online terms and conditions.

    See also:

    Tips and links

    Next meeting

    The next meeting is scheduled for Tuesday 16 July 2019 commencing at 11:00am (AEST).

    Last modified: 12 Jul 2019QC 59651