Lately, we have had a few clients who are asking us to delay lodgement of their individual tax returns so they can pay the tax as late as possible.
Please see below the lodging times and the respective payment due dates. Please note this only relates to ind tax rtns due on 15 May. All companies and smsf payment dates are the same as their lodgement date. If an individual has a different due date, then the payment would be due 21 days after lodging.
Therefore if a client says please delay my lodgement, please do not update for lodging until after 13 March 2019.
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.
