End Dates for Lodgements Table

 

End Date for Lodgement

 Description

31 October 2017

All Individual tax returns are due if one or more years' tax returns were overdue as of 30 June 2017.
All individuals who received persecution for non-lodgement of a preceding year's returns and who were given an 31 October 2017 due date.
Note: A few individuals who were prosecuted might have a deviating due date for their lodgment  – confer to the letter you got for the pertinent date.

15 January 2018

Big and average trusts (whose yearly earnings exceeded ten million in the last year filed) where the trust was taxable in the last year that was lodged.

28 February 2018

Large and average trusts (whose yearly earnings exceeded ten million in the last year filed) where the trust was non-taxable in the last year lodged.
Any new large or average trust registrants

31 March 2018

Individual and trust tax returns who had a total liability of $20,000 or more on their latest tax return. (this excludes large and average trusts).

5 June 2018

Any individual and trust that is remaining that wasn't required to lodge earlier and who are not eligible for the 5 June concession date.
(This includes any new registrations).

 

15 May 2018 Concession

The ATO allows tax return lodgements past the 15 May due date for:

  • Individuals
  • Partnerships
  • Trusts

This concession authorises the above-mentioned tax returns to have a lodgement date of the 5 June without additional retribution, with the stipulation that any payments are also made by 5 June 2018.

This concessional system was put into place to defer the retribution for failure to lodge (FTL). This system is for tax lodgments and payments to be turned in by 5 June for any lodgements that were due on or before 15 May 2018.

You won't have to apply for a deferral to be eligible for the 5 June concession date – however, you have to apply if you need a deferral for your lodgment after the 5 June.

Concessional Date Table

Lodgement End Date

Entity Description

5 June 2018

Annual returns for individuals that were classified as tax exempt or who got a credit assessment for their previous annual lodgement, and who have either got a credit assessment or are truly tax-exempt for the current year. (Not applicable if the lodgement was due at an earlier date) – all individuals who had the 15 May 2018 end date for their lodgement, except large or average sized companies or taxpayers of associated groups.
Annual returns for trusts, partnerships, or individuals who had the 15 May 2018 lodgement date, as long as the payment is also made by 5 June 2018.

Note: 
5 June 2018 is not considered to be an end date for annual lodgements. It is a concessional system where any retribution will be suspended if the entities lodge their taxes and pay their balances by 5 June 2018.

 

Individual and Trust Tax Return Payments Due 15 May 2018 Only

There are staggered payment arrangements for any trust or individual customer who was given a lodgement date of 15 May 2018. The exact due date for any payments depends on when they lodged their tax returns, and when it was officially processed. If they lodged their annual tax return:

  • By 12 February 2018, the annual payment is due on 21 March 2018.
  •  13 February 2018 - 12 March 2018 (without exception), the due date for any payments is 21 April 2018
  •  13 March 2018. the due date for payment is 5 June 2018.

The earliest possible due dates for payments of any taxes are listed above. They give a minimum of two weeks for processing time. If the tax return takes longer than this to process, the actual payment due date that is listed on the notice of assessment will be for a later date than is listed above.

Individual and Trust Tax Return Payments with a Due Date Other Than 15 May 2018

Table: When Tax Returns Have to be Lodged by Any Date Other Than 15 May 2018 – Due Dates for Individual and Trust Income Tax Assessment Payments

If...

Then...

you lodge your return on or before the date it is due

any tax owed must be paid 21 days after the  original lodgement due date, or
notice of assessment is assumed to have been  received (three days after it was originally issued)

you lodge your tax return late

any tax owed must be paid 21 days after the original lodgement due date

you don't lodge your annual taxes and the ATO issues a default assessment

any tax owed must be paid 21 days after the original lodgement due date