18 Jan 11 ATO provides tax help for flood affected areas
In media release No 2011/01, 5 January 2011, Acting Tax Commissioner Bruce Quigley said that the ATO is implementing a range of support strategies to help people affected by the continuing floods in Queensland, including the deferral of lodgment dates and the implementation of General Interest Charge (GIC) stoppers, for businesses, taxpayers and tax practitioners.
In media release No 2011/02, 11 January 2011, the ATO advised that businesses in flood affected areas of Queensland, northern NSW, and Western Australia may need more time to meet their lodgment and payment obligations. Businesses with addresses within one of the identified flood affected postcodes will automatically have their lodgment and payment dates deferred for December monthly activity statements from the original due date of 21 January 2011 to 21 February 2011.
In media release No 2011/03, 14 January 2011, the Commissioner, Michael D’Ascenzo, confirmed that extra time had been given for all businesses in Queensland and the Tweed area to lodge December monthly activity statements.
In media release No 2011/04, 14 January 2011, the Commissioner, Michael D’Ascenzo, announced that the ATO has again approved "bucket donations" for the 2011 Queensland and Northern New South Wales floods as it did for the large number of donations made after the Victorian bushfires in 2009.
In media release No 2011/02, 6 January 2011, the Assistant Treasurer, Bill Shorten, said that "flood victims in Queensland can get their tax payments deferred and refunds fast-tracked after the Government announced a series of measures to make things a little easier for people dealing with the devastation of the worst floods in recent memory".
"Businesses in particular are encouraged to take advantage of the offer of [the ATO's] free record reconstruction service, which can help put together replacement records for those lost in the floods," Mr Shorten said.
In media release No 2011/004, issued 19 January 2011, the Treasurer, Wayne Swan, announced that the 2011 Victorian and New South Wales floods have been declared as disasters for tax purposes. A similar declaration has been made by the Queensland Government in relation to floods in that state. These declarations ensure that qualifying existing funds established for the relief of people in communities affected by the floods, and new funds, can receive tax deductible donations.
For a broadcast message about deferral of lodgment dates sent to tax agents on 6 January 2011, go here
For a broadcast message about deferral of lodgment dates sent to tax agents on 11 January 2011, go here
For an updated broadcast sent to tax agents on 17 January 2011, go here
For a factsheet entitled "Information for registered agents affected by natural disasters", go here
For further information about help for registered agents affected by natural disasters, go here