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Late lodgements of tax returns - implications

Former Community Support

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If someone puts in a return late (or bunch of returns)  but gets a tax refund (for current/all returns), how likely is it that he/she will be fined a late lodgement penalty?

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ATO Certified Response

Guest contributor

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Hello @WainWright,

 

Welcome to our Community!

 

A failure to lodge (FTL) penalty may apply if you're required to lodge by a certain date but don’t. This is an automated penalty system, however as a rule, a penalty will not be applied to a late-lodged tax return, FBT return, annual GST return or activity statement if the lodgment results in either a refund or a nil result, unless:

  • FTL penalty was applied before the return or statement was lodged (that is, the penalty will not be remitted even if the subsequent lodgment results in a refund or nil result)
  • the unlodged item is a third-party data report, such as a taxable payments annual report.

If a penalty is applied to you, you can request a remission once the overdue return is lodged. You can find more information on failure to lodge penalty here.

 

Hope that helps.

1 REPLY 1

Most helpful response

ATO Certified Response

Guest contributor

Replies 0

Hello @WainWright,

 

Welcome to our Community!

 

A failure to lodge (FTL) penalty may apply if you're required to lodge by a certain date but don’t. This is an automated penalty system, however as a rule, a penalty will not be applied to a late-lodged tax return, FBT return, annual GST return or activity statement if the lodgment results in either a refund or a nil result, unless:

  • FTL penalty was applied before the return or statement was lodged (that is, the penalty will not be remitted even if the subsequent lodgment results in a refund or nil result)
  • the unlodged item is a third-party data report, such as a taxable payments annual report.

If a penalty is applied to you, you can request a remission once the overdue return is lodged. You can find more information on failure to lodge penalty here.

 

Hope that helps.