BAS due dates

 Author: ZebN(Champion)Champion

ATO Certified Response12 July 2024

How you lodge depends on your business size. Your GST reporting and payment cycle will be one of the following.

• Quarterly – if your GST turnover is less than $20 million – and we have not told you that you must report monthly.
• Monthly – if your GST turnover is $20 million or more – or you choose to report GST monthly.
• Annually – if you are voluntarily registered for GST and your GST turnover is under $75,000 ($150,000 for not-for-profit bodies).

The pay as you go (PAYG) withholding cycle determines how often you need to report and pay the withholding amounts to us. Where an employer's annual withholding amount is:

• $25,000 or less (small withholder status) – you are required to notify and pay quarterly
• more than $25,000 and up to $1 million (medium withholder status) – you are required to notify and pay monthly
• more than $1 million (large withholder status) – you are required to pay electronically within six to eight days of a withholding event taking place, such as when staff are paid. Large withholders are also issued with a unique payment reference number (PRN).

Therefore, if you are a small business and your annual withholding amount is $25,000 or less, I imagine all of your obligations will all be on the same quarterly business activity statement and due on the same date.

Otherwise, if your GST is quarterly and your PAYGW is monthly, the due dates will be different. Refer to the links below:

https://www.ato.gov.au/businesses-and-organisations/preparing-lodging-and-paying/business-activity-statements-bas/due-dates-for-lodging-and-paying-your-bas#ato-Quarterlyreporting

https://www.ato.gov.au/businesses-and-organisations/preparing-lodging-and-paying/reports-and-returns/due-dates-for-lodging-and-paying/due-dates-by-topic/activity-statements