#EveryoneNeedsAPlan: ATO Lodgement Penalty Amnesty Ending 31 December, 2023

The May 2023 federal government budget included a penalty amnesty for Late Lodgement of tax obligations.

• Individuals and small businesses (annual turnover <$10m) can lodge overdue Tax Returns, BAS and FBT returns without incurring the a Late Lodgement penalty
• The amnesty applies to lodgements that were due between 1 December, 2019 and 28 February, 2022
• The amnesty ends 31 December 2023

Contact your Accountant or Tax Agent if you need help with your Late Lodgements or contact us for a referral if required.