checklists & key dates

  • Checklists


    2017 Superfund Tax Checklist


    2017 Individual Tax Checklist


    2017 Business Tax Checklist


    2017 FBT Checklist


    2016 Individual Tax Checklist


    2016 Business Tax Checklist


    2016 Superfund Tax Checklist

     

    Key Dates

     

    July 2017

    Date Obligation
    21 July Lodge and pay June 2017 monthly activity statement.
    Lodge and pay quarter 4, 2016–17 PAYG instalment activity statementfor head companies of consolidated groups.
    28 July Lodge and pay quarter 4, 2016–17 activity statement if lodging by paper.

    Pay quarter 4, 2016–17 instalment notice (form R, S or T). Lodge the notice only if you vary the instalment amount.

    Make super guarantee contributions for quarter 4, 2016–17 to funds by this date.

    Employers who do not pay minimum super contributions for quarter 4 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) by 28 August 2017.

    Note: The super guarantee charge is not tax deductible

    31 July Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 4, 2016–17.
    Lodge Venture capital deficit tax return for June balancers.
    Lodge Franking account return for 30 June balancers if there is an amount payable.

     

    August 2017

    Date Obligation
    14 August Lodge PAYG withholding payment summary annual report for:

    • large withholders whose annual withholding is greater than $1 million
    • payers who have no tax agent or BAS agent involved in preparing the report.
    21 August Lodge and pay July 2017 monthly activity statement.
    25 August Lodge and pay quarter 4, 2016–17 activity statement – if you lodge electronically.
    28 August Lodge and pay quarter 4, 2016–17 Superannuation guarantee charge statement – quarterly if the employer did not pay enough contributions on time.

    Employers who lodge a Superannuation guarantee charge statement – quarterly can choose to offset contributions they paid late to a fund against their super guarantee charge for the quarter. They still have to pay the remaining super guarantee charge.

    Note: The super guarantee charge is not tax deductible

    Use our Super guarantee charge statement and calculator tool to work out the super guarantee charge and prepare the Superannuation guarantee charge statement – quarterly.

    Lodge Taxable payments annual report – building and construction industry.

     

    September 2017

    Date Obligation
    21 September Lodge and pay August 2017 monthly activity statement.
    30 September Lodge PAYG withholding payment summary annual report if prepared by a BAS agent or tax agent.

    If a payer has only closely held payees and their tax agent helps prepare their report, they may be eligible for a concession to lodge this report by the due date of their tax return.

    Lodge Annual TFN withholding report 2017 if a trustee of a closely held trust has been required to withhold amounts from payments to beneficiaries.

     

    October 2017

    Date Obligation
    21 October Pay annual PAYG instalment notice (Form N). Lodge only if you vary the instalment amount or use the rate method to calculate the instalment.
    Lodge and pay quarter 1, 2017–18 PAYG instalment activity statement for head companies of consolidated groups.
    Lodge and pay September 2017 monthly activity statement.
    28 October Lodge and pay quarter 1, 2017–18 activity statement if lodging by paper. Pay quarter 1, 2017–18 instalment notice (form R, S, or T). Lodge the notice only if you vary the instalment amount.
    Make super guarantee contributions for quarter 1, 2017–18 to funds by this date.

    Employers who do not pay minimum super contributions for quarter 1 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) by 28 November 2017.

    Note: The super guarantee charge is not tax deductible

    Lodge and pay annual activity statement for TFN withholding for closely held trusts where a trustee withheld amounts from payments to beneficiaries during the 2016–17 income year.
    31 October Final date to add new clients to your client list to ensure their 2017 tax return is covered by the lodgment program.

    Note: The lodgment program is a concession to registered agents. We can ask for documents to be lodged earlier than the concessional due dates.

    Lodge tax returns for all entities if one or more prior year returns were outstanding as at 30 June 2017.

    Note: This means all prior year returns must be lodged, not just the immediate prior year.

    If all outstanding prior year returns have been lodged by 31 October 2017, the lodgment program due dates will apply to the 2017 tax return.

    SMSFs in this category must lodge their complete Self-managed superannuation fund annual return by this date.

    Lodge and pay Self-managed superannuation fund annual return(NAT 71226) for (taxable and non-taxable) new registrant SMSF if we have advised the SMSF that the first year return has a 31 October 2017 due date.
    Lodge tax return for all entities prosecuted for non-lodgment of prior year returns and advised of a lodgment due date of 31 October 2017:

    • Some prosecuted clients may have a different lodgment due date – refer to the letter you received for the applicable due date.
    • Payment (if required) for individuals and trusts in this category is due as advised in their notice of assessment.
    • Payment (if required) for companies and super funds in this category is due on 1 December 2017.

    SMSFs in this category must lodge their complete Self-managed superannuation fund annual return (NAT 71226) by this date.

    Lodge Annual investment income report (AIIR).
    Lodge Departing Australia superannuation payments (DASP) annual report.
    Lodge Franking account tax return when both the:

    • return is a disclosure only (no amount payable)
    • taxpayer is a 30 June balancer.
    Lodge PAYG withholding annual report no ABN withholding(NAT 3448).
    Lodge PAYG withholding from interest, dividend and royalty payments paid to non-residents – annual report (NAT 7187). This report advises amounts withheld from payments to foreign residents for:

    • interest and unfranked dividend payments that are not reported on an Annual investment income report (AIIR)
    • royalty payments.
    Lodge PAYG withholding annual report – payments to foreign residents (NAT 12413). This report advises amounts withheld from payments to foreign residents for:

    • entertainment and sports activities
    • construction and related activities
    • arranging casino gaming junket activities.
    Lodge lost members report for the period 1 January – 30 June 2017.
    Lodge TFN report for closely held trusts for TFNs quoted to a trustee by beneficiaries in quarter 1, 2017–18.

     

    November 2017

    Date Obligation
    21 November Lodge and pay October 2017 monthly activity statement.
    25 November Lodge and pay quarter 1, 2017–18 activity statement if you lodge electronically.
    28 November Lodge and pay quarter 1, 2017–18 Superannuation guarantee charge statement – quarterly if the employer did not pay enough contributions on time.

    Employers lodging a Superannuation guarantee charge statement – quarterly can choose to offset contributions they paid late to a fund against their super guarantee charge for the quarter. They still have to pay the remaining super guarantee charge.

    Note: The super guarantee charge is not tax deductible.

    Use our Super guarantee charge statement and calculator tool to work out the super guarantee charge and help prepare the Superannuation guarantee charge statement – quarterly.

     

    December 2017

    Date Obligation
    1 December Pay income tax for taxable large/medium taxpayers, companies and super funds. Lodgment of return is due 15 January 2018.
    Pay income tax for the taxable head company of a consolidated group with a member deemed to be a large/medium taxpayer in the latest year lodged. Lodgment of return is due 15 January 2018.
    Pay income tax for companies and super funds when lodgment of the tax return was due 31 October 2017.
    21 December Lodge and pay November 2017 monthly activity statement.

     

    January 2018

    Date Obligation
    15 January Lodge tax return for taxable large/medium entities as per the latest year lodged (all entities other than individuals), unless required earlier

    Payment for large/medium entities with a 15 January due date is:

    • 1 December 2017 – for companies and super funds
    • for trusts – as stated on their notice of assessment.

    Note: You cannot self-assess a lodgment deferral from this date or assume a later date for lodgment on the basis that the taxpayer will be non-taxable in the current year.

    Lodge tax return for the taxable head company of a consolidated group (including a new registrant) that has a member who has been deemed a large/medium entity in the latest year lodged, unless the return was required earlier. Payment was due 1 December 2017.
    21 January Lodge and pay quarter 2, 2017–18 PAYG instalment activity statement for head companies of consolidated groups.
    Lodge and pay December 2017 monthly business activity statement except for business clients with up to $10 million turnover who report GST monthly and lodge electronically.
    28 January Make quarter 2, 2017–18 super guarantee contributions to funds by this date.

    Employers who do not pay minimum super contributions for quarter 2 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) by 28 February 2018.

    Note: The super guarantee charge is not tax deductible.

    31 January Lodge TFN report for closely held trusts if any beneficiary quoted their TFN to a trustee in quarter 2, 2017–18.

     

    February 2018

    Date Obligation
    21 February Lodge and pay December 2017 monthly business activity statement for business clients with up to $10 million turnover who report GST monthly and lodge electronically.

    Lodge and pay January 2018 monthly activity statement.

    28 February Lodge tax return for non-taxable large/medium entities as per the latest year lodged (except individuals).

    Payment (if required) for companies and super funds is also due on this date. Payment for trusts in this category is due as per their notice of assessment.

    Lodge tax returns for new registrant (taxable and non-taxable) large/medium entities (except individuals).

    Payment (if required) for companies and super funds is also due on this date. Payment for trusts in this category is due as per their notice of assessment.

    Lodge tax return for non-taxable head company of a consolidated group, including a new registrant, that has a member who has been deemed a large/medium entity in the latest year lodged.

    Lodge tax return for any member of a consolidated group who exits the consolidated group for any period during the year of income.

    Lodge tax return for large/medium new registrant (non-taxable) head company of a consolidated group.
    Lodge and pay Self-managed superannuation fund annual return(NAT 71226) for new registrant (taxable and non-taxable) SMSF, unless they have been advised of a 31 October 2017 due date at finalisation of a review of the SMSF at registration.

    Note: There are special arrangements for newly registered SMSFs that do not have to lodge a return – see Super lodgment.

    Lodge and pay quarter 2, 2017–18 activity statement for all lodgment methods.
    Pay quarter 2, 2017–18 instalment notice (form R, S or T). Lodge the notice only if you vary the instalment amount.
    Annual GST return – lodge (and pay if applicable) if the taxpayer does not have a tax return lodgment obligation.

    If the taxpayer does have a tax return obligation, this return must be lodged by the due date of the tax return.

    Lodge and pay quarter 2, 2017–18 Superannuation guarantee charge (SGC) statement – quarterly if the employer did not pay enough contributions on time.

    Employers lodging a Superannuation guarantee charge statement – quarterly can choose to offset contributions they paid late to a fund against their super guarantee charge for the quarter. They still have to pay the remaining super guarantee charge.

    Note: The super guarantee charge is not tax deductible.

    Use our Super guarantee charge statement and calculator tool to work out the super guarantee charge and help prepare the Superannuation guarantee charge statement – quarterly.


    March 2018

    Date Obligation
    21 March Lodge and pay February 2018 monthly activity statement.
    31 March Lodge tax return for companies and super funds with total income of more than $2 million in the latest year lodged (excluding large/medium taxpayers), unless the return was due earlier.

    Payment for companies and super funds in this category is also due by this date.

    Lodge tax return for the head company of a consolidated group (excluding large/medium), with a member who had a total income in excess of $2 million in their latest year lodged, unless the return was due earlier.

    Payment for companies in this category is also due by this date.

    Lodge tax return for individuals and trusts whose latest return resulted in a tax liability of $20,000 or more, excluding large/medium trusts.

    Payment for individuals and trusts in this category is due as advised on their notice of assessment.

     

    April 2018

    Date Obligation
    21 April Lodge and pay quarter 3, 2017–18 PAYG instalment activity statementfor head companies of consolidated groups.
    Lodge and pay March 2018 monthly activity statement.
    28 April Lodge and pay quarter 3, 2017–18 activity statement if lodging by paper.
    Pay quarter 3, 2017–18 instalment notice (form R, S or T). Lodge the notice only if you are varying the instalment amount.
    Make super guarantee contributions for quarter 3, 2017–18 to the funds by this date.

    Employers who do not pay minimum super contributions for quarter 3 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement – quarterly (NAT 9599) by 28 May 2018.

    Note: The super guarantee charge is not tax deductible.

    30 April Lodge TFN report for closely held trusts if any beneficiaries quoted their TFNs to trustees in quarter 3, 2017–18.
    Lodge lost members report for the period 1 July 2017 to 31 December 2017.

     

    May 2018

    Date Obligation
    15 May Lodge 2017 tax returns for all entities that did not have to lodge earlier (including all remaining consolidated groups), and are not eligible for the 5 June 2018 concession.

    Due date for:

    • companies and super funds to pay if required.

    Note: Individuals and trusts in this category pay as advised on their notice of assessment.

    21 May Lodge and pay April 2018 monthly activity statement.
    Final date to add new FBT clients to your client list to ensure they receive the lodgment and payment concessions for their fringe benefits tax returns.

    Lodge Fringe benefits tax annual return (if lodging by paper).

    26 May Lodge and pay eligible quarter 3, 2017–18 activity statements if you lodge electronically.
    28 May Pay Fringe benefits tax annual return.
    Lodge and pay quarter 3, 2017–18 Superannuation guarantee charge statement – quarterly (NAT 9599) if the employer did not pay enough contributions on time.

    Employers lodging a Superannuation guarantee charge statement – quarterly (NAT 9599) can choose to offset contributions they paid late to a fund against their super guarantee charge for the quarter. They still have to pay the remaining super guarantee charge.

    Note: The super guarantee charge is not tax deductible.

    Use our Super guarantee charge statement and calculator tool to work out the super guarantee charge and to help prepare the Superannuation guarantee charge statement – quarterly.

     

    June 2018

    Date Obligation
    5 June Lodge tax return for all entities with a lodgment due date of 15 May 2018 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 2018 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.

    21 June Lodge and pay May 2018 monthly activity statement.
    25 June Lodge 2018 Fringe benefits tax annual return for tax agents (if lodging electronically). Payment (if required) is due 28 May.
    30 June Super guarantee contributions must be paid by this date to qualify for a tax deduction in the 2017–18 financial year.