08 Jul 11 Update – concessional lodgement dates and FTL warning letters
A number of members have contacted The Tax Institute’s Tax Policy & Research team with concerns that lodgement dates on the Tax Agent Portal do not reflect the concessional lodgement program due dates. The ATO has advised us that concessional lodgment dates will be progressively applied over the coming weeks and the process will be completed by the end of July. This is consistent with practices in prior years. The Tax Institute has raised our concerns about the FTL warning letters, which were sent in error to some taxpayers/agents, and the possibility that this incorrect warning letter has had an adverse impact on a taxpayer’s compliance record (including ability to access concessional lodgement dates). The ATO has advised that they are currently removing the FTL penalty warning from taxpayers’ compliance records, where such a warning was issued in error. The Tax Institute will continue to monitor this situation to ensure that such processes are successfully implemented.