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  • Individuals and trusts

    Factors that may affect the lodgment due dates for individuals and trusts include their lodgment and compliance history, their income, whether they are new registrants and whether the 5 June concession applies.

    Lodgment due dates

    Lodgment due date

    Entity description

    31 October 2018

    Tax return for all individuals and trusts where one or more prior year tax returns were outstanding as at 30 June 2018.

    Tax return for clients prosecuted for non-lodgment of prior year tax returns and advised of a lodgment due date of 31 October 2018.

    Note: Some prosecuted clients may have been given a different lodgment due date. Refer to the letter you received for the client's applicable due date

    15 January 2019

    Large/medium trusts (annual total income more than $10 million in latest year lodged) where the trust was taxable in latest year lodged.

    28 February 2019

    Large/medium trusts (annual total income more than $10 million in latest year lodged) where the trust was non-taxable in latest year lodged.

    28 February 2019

    New registrant large/medium trusts.

    31 March 2019

    Tax return for individuals and trusts whose latest return resulted in a tax liability of $20,000 or more (excluding large/medium trusts).

    15 May 2019

    Tax returns for all remaining individuals and trusts not required earlier and not eligible for the 5 June concession (including new registrations).

    Concession for 15 May 2019

    We allow lodgment of tax returns past the lodgment due date of 15 May for:

    • individuals
    • partnerships
    • trusts.

    The concession allows these tax returns to be lodged by 5 June without penalty, provided that any payment required is also made by this date.

    This is a concessional arrangement to remit the FTL penalty, where lodgment and payment are made by 5 June for tax returns otherwise due by 15 May 2019.

    You do not need to apply for a deferral to receive the 5 June concession date – however, you must apply if you need a lodgment deferral beyond 5 June for these clients.

    Concessional date

    Lodgment date

    Entity description

    5 June 2019

    Tax return for entities who were non-taxable or received a credit assessment in the latest year lodged, and are actually non-taxable or receiving a credit assessment in the current year (unless due earlier) – all entities with a lodgment due date of 15 May 2019 except large/medium taxpayers or head companies of consolidated groups.

    Tax return for individuals, partnerships and trusts with a lodgment due date of 15 May 2019, provided payment is also made by this date.

    Note: This is not a lodgment due date, but a concessional arrangement where penalties will be waived if lodgment and payment are made by this date

    Payment of individual and trust tax returns due 15 May 2019 only

    Staggered payment date arrangements exist for individual and trust clients whose tax returns have a lodgment due date of 15 May 2019. Your client’s payment due date will depend on when their tax return is lodged and processed. If the tax return is lodged:

    • up to and including 12 February 2019, the payment date is 21 March 2019
    • from 13 February 2019 to 12 March 2019 (inclusive), the payment date is 21 April 2019
    • from 13 March 2019, the payment date is 5 June 2019.

    The payment dates above are the earliest possible due dates for payment of tax and provide at least two weeks for processing. If processing of a tax return takes longer than this, the actual due date for payment on the notice of assessment will be later than the dates indicated above.

    Payment of individual and trust tax returns with a due date other than 15 May 2019

    Due dates for payment of individual and trust income tax assessments when tax returns must be lodged by any date other than 15 May 2019

    If…

    then…

    the tax return is lodged on or before the lodgment due date

    payment will be due on the later of 21 days after the:

    • relevant lodgment due date, or
    • notice of assessment is deemed received (which is three days after issue)

    the tax return is lodged late

    any tax is payable 21 days after the due date for lodgment.

    the tax return is not lodged at all and a default assessment is issued

    any tax is payable 21 days after the due date for lodgment.

    Last modified: 02 Jul 2018QC 34551