ATO extension - date to lodge Taxable Payments Annual Report
The ATO has extended the due date for lodgment of the Taxable Payments Annual Report for the 2015 year onwards, to 28th August, due to feedback received. Extension of the due date was also a recommendation of the Board of Taxation review of tax impediments facing small businesses.The ATO is in the process of implementing a communication strategy to inform tax professionals, industry associations and businesses of the extended due date. This will also include updating their forms and web material. This process is planned to commence in the coming weeks,
For more information, call the ATO.