What penalties should I expect for late lodgement?
Penalties are applied on a case by case basis. Some things that will impact the amount of a penalty are;
1. The length of time overdue
2. The amount payable on your return
3. Your lodgement history
The Taxation Office may not apply a penalty if your return has been lodged voluntarily or if there is a no tax payable.
If you receive tax payable or a penalty notice, be sure to pay it pay the due date listed on your notice as general interest charges will start to accrue after the due date.
Should you require any assistance with this please contact our office.
Penalties are applied on a case by case basis. Some things that will impact the amount of a penalty are;
1. The length of time overdue
2. The amount payable on your return
3. Your lodgement history
The Taxation Office may not apply a penalty if your return has been lodged voluntarily or if there is a no tax payable.
If you receive tax payable or a penalty notice, be sure to pay it pay the due date listed on your notice as general interest charges will start to accrue after the due date.
Should you require any assistance with this please contact our office.
