23 Feb 15 Big business must lodge and pay electronically
The ATO advises that between 2 and 6 March 2015, it will be contacting some businesses to remind them of their obligations to lodge and pay electronically. The ATO will also discuss the various ways they can meet this requirement.
Businesses with a GST turnover of $20 million or more must:
- lodge their business activity statements electronically
- pay their tax debts electronically.
Failure to lodge and pay electronically may result in a penalty, currently $850 per event.