ATO issues correction about late lodgement emails to tax agents
The ATO has mistakenly issued some tax agents with an email regarding late lodgements for returns due 5 June, and reconfirmed that where these returns were received by 11 June, they are considered to be lodged on time.
In an online update, the ATO said that some tax professionals may have received an email from the ATO related to overdue lodgements which included a list of clients with outstanding obligations.
The email listed overdue lodgements for returns that were due on 5 June under certain concessional arrangements.
However, due to a systems outage which occurred on 4 June impacting the ATO’s tax professionals portals, online service for agents, PLS service and superannuation services, the ATO had previously offered an extension for these returns.
“If you lodged these returns by 11 June 2019, we consider them to be lodged on time,” the ATO stated.
“We apologise if our email caused you any inconvenience or confusion.”
5 June was the lodgement deadline for SMSFs that were eligible for certain lodgement concessions. This includes funds that are non-taxable or received a refund for the latest year lodged and are non-taxable or will receive a refund in the current year.
For SMSFs that lodge their transfer balance account reports (TBAR) annually, the report is also due on the same day as their annual return.
Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.
Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates. Miranda has also directed SMSF Adviser's print publication for several years.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.