Bas Statement Due Dates
2014-15 and ongoing for 2015-16
BAS or IAS return lodgement dates are specific to your registration type and the arrangements you have with the Tax Office.
The actual due dates for each of your lodgement periods are printed on the forms issued to you by the Tax Office, or advised to you electronically.
The Tax Office encourages electronic lodgment and offers an automatic 2-week lodgment extension for quarterly non-large business electronic self-preparing lodgers. Once an electronic lodgment has been made by an entity, the Tax Office will discontinue any further issue of paper forms for completion of future returns.
For information regarding tax return lodgement dates see lodgment dates
BAS Statement Return Lodgement Dates (Quarterly)
Full payment is also due on these dates.
QUARTERLY ACTIVITY STATEMENTS DUE DATES
The General Rule
The general position with regard to due dates is that from the end of the respective periods:
- quarterly returns must be lodged within 28 days (section 31.8) , and
- monthly returns must be lodged within 21 days (section 31.10)
* Quarterly returns with an original due date of 28th lodged electronically generally qualify for an automatic 2 week extension of time. Eligibility conditions exclude large businesses and monthly lodgers – with the exception of small businesses lodging monthly with a tax agent – the December due date of 21 January is extended to 21 February.
Penalties are normally automatically calculated for late lodgment.
In general, where the due date falls on a weekend or public holiday, it is automatically moved to the next business day. See Lodgment and payment dates on weekends or public holidays
Withdrawal of paper BAS returns
From 1 July 2014, once an electronic statement has been lodged (through any channel), the Tax Office will no longer issue paper BAS forms.
Larger businesses (as defined by a turnover test) must lodge electronically.
Large companies –reform to timing of tax instalments
The government has announced proposals to commence 1 January 2014 which will change the tax payments cash flows for large companies, with the commencement of monthly payments, instead of quarterly. These changes were foreshadowed in the Treasurer’s 2012 MYEFO. See information and links here.
Amending BAS returns – correcting errors
GST and fuel tax credits errors can be corrected without penalty on either a current or future BAS return (your choice), subject to time and value limits, and provided you are not already subject to compliance action from the Tax Office.
Businesses with GST Turnover of less than $20 million have 18 months to make a correction, other businesses have 12 months.
Value limits are set on a sliding scale according to the GST Turnover of the business, and correcting adjustments can be selectively aggregated and allocated to returns to stay within the time limits for penalty-free voluntary amendment.
See further information provided by the Tax Office, including time and value limits.
If the correction falls outside the time or value limits, then the BAS return for the period of the correction must be revised.
This page was last modified on 21 July 2015