Failure to lodge on time penalty
Are you?
– A taxpayer
At a glance:
– The failure to lodge (FTL) on time penalty is an administrative penalty imposed by the Tax Office for late lodgement of ‘approved forms’.
You should:
– Ensure forms that are required to be lodged with the Tax Office are lodged on time.
– Contact us if you require any clarification or advice.
The Tax Office uses an automated penalty system that imposes FTL penalties to ‘approved forms’ which have not been lodged on time or are overdue.
‘Approved forms’ that attract FTL penalties include:
- Activity statements;
- Income tax returns;
- FBT returns;
- PAYG withholding annual reports;
- Annual GST returns;
- Annual GST information reports; and
- Taxable payment reports.
Each FTL penalty is calculated at the rate of 1 penalty unit for each period of 28 days or part thereof that the form is overdue, up to a maximum of 5 penalty units.
FTL penalty amount according to entity size:
| Days overdue | Small | Medium | Large |
| 28 days or less | 180 | 360 | 900 |
| 29 to 56 days | 360 | 720 | 1800 |
| 57 to 84 days | 540 | 1080 | 2700 |
| 85 to 112 days | 720 | 1440 | 3600 |
| More than 113 days | 900 | 1800 | 4500 |
Taxpayers may apply to the Tax Office for the remission of FTL penalties by providing sufficient evidence on why the forms were lodged late.
Remember:
– Penalty remissions may not always be successful.
This article was published on 28/04/2016 and is current as at that date.