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ATO Updates for June

5 June

Lodge tax return for all entities with a lodgment due date of 15 May 2021 if the tax return is not required earlier and both of the following criteria are met:  

  • non-taxable or a credit assessment in latest year lodged
  • non-taxable or receiving a credit assessment in the current year.

Note: This includes companies and super funds but excludes large/medium taxpayers and head companies of consolidated groups.

Lodge tax returns due for individuals and trusts with a lodgment due date of 15 May 2021 provided they also pay any liability due by this date.

Note: This is not a lodgment due date but a concessional arrangement where failure to lodge on time (FTL) penalties will not apply if you lodge and pay by this date.

30 June

Super guarantee contributions must be paid by this date to qualify for a tax deduction in the 2020–21 financial year.

Note: If any of your clients receive Child Care Subsidy and Family Tax Benefit payments from Services Australia, the client and their partners must lodge their 2019–20 tax return by 30 June 2021, regardless of any deferrals in place. 

See Services AustraliaExternal Link for more information.

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