The ATO has reminded tax agents that all clients who have one or more prior year income tax returns not lodged (not just the immediate prior year) have a due date of 31 October 2010 for their 2010 returns. Clients with substituted accounting periods have different dates.
If all overdue prior year returns are lodged by 31 October 2010, the 2010 income tax return will be due as per the normal lodgment program. This can take up to three weeks to appear on the client list.
Clients won’t need to apply for a deferral of the 2010 return, provided all overdue prior years are lodged by 31 October 2010.
Overdue prior year returns may incur penalties and interest when lodged.
For more information, refer to the Lodgment Program 2010-11 - details of the program and follow the links Client type – income tax returns/Taxpayers with outstanding income tax returns.