The ATO has published updated details of the Lodgment Program for 2011-12. It includes updated information regarding FBT as at March 2012.
Specifically, the ATO will provide eligible tax agents with an additional 4 week lodgment only deferral for the 2012 FBT return to 25 June 2012. To be eligible for this deferral, the agent must:
- have 25 or more FBT clients attached to their registered agent number (RAN)
- be appointed by 28 May 2012 as the tax agent for their client's FBT role.
The above lodgment deferral will only be applied where there are 25 or more FBT clients attached to any single RAN as at 28 May 2012.
Agents do not need to apply for this deferral if they meet the above criteria. The ATO will update agents' clients' lodgment due dates after 28 May 2012 to reflect the deferred due date.
This deferral is only for lodgment; payment if required, is still due by 28 May 2012.
If an agent has less than 25 FBT clients and they require further time to lodge beyond 28 May 2012, they can still request a lodgment deferral.
This automatic lodgment deferral to 25 June for eligible tax agents will only be available in the Lodgment program 2012-13 and future years for eligible tax agents who lodged at least 85% of FBT returns for their total client list by the due date.