Friday, August 30, 2024

Tax bill, assessment & payment due date

 If you lodge your own tax return between 1 July and 31 October and it results in a tax bill, payment is due by 21 November unless the assessment issues after 31 October, in which case, payment is due 21 days after the date the assessment issues.17 July 2024


Due dates for your tax return

If you’re lodging your own tax return, you need to lodge it by 31 October each year.


If 31 October falls on a weekend, the due date to lodge your tax return is the next business day after 31 October.


If you choose to use the services of a registered tax agent, they will generally have special lodgment schedules and can lodge returns for clients later than 31 October. If you are using a registered tax agent, you need to engage them before 31 October.


If you're having difficulties meeting your tax obligations or are unable to lodge by 31 October, contact us as soon as possible.


If you lodge your own tax return between 1 July and 31 October and it results in a tax bill, payment is due by 21 November unless the assessment issues after 31 October, in which case, payment is due 21 days after the date the assessment issues.


If you lodge your own tax return after the 31 October and it results in a tax bill, payment is still due by 21 November and interest can be imposed from that date.


If you miss the due date

If you miss the due date, it is important to lodge as soon as you can.


If you expect a tax bill, don't delay lodging. The due date for payment when you lodge your own tax return is 21 November if you lodge late. Interest can apply to any amount you owe after 21 November.


If you're finding it hard to pay on time you may be eligible to set up your own payment plan, tailored to your circumstances.



https://www.ato.gov.au/individuals-and-families/your-tax-return/how-to-lodge-your-tax-return



If you're still unsure why you have a tax bill or are having difficulty paying, contact us or speak with your registered tax agent.



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