11 April 2017

Has your business been affected by Cyclone Debbie or flooding?

The Australian Taxation Office has released a set of automatic measures aimed at assisting small businesses affected by Cyclone Debbie, and the floods in both Queensland and New South Wales, and include:

  • lodgement of monthly Business Activity Statements (“BAS”) due on 21 April 2017 has been extended to 21 May 2017;
  • lodgement and payment of quarterly BAS due on 28 April 2017 has been extended to 28 May 2017;
  • income tax returns due on 31 March 2017 can now be lodged up until 30 April 2017; and
  • the government will also endeavour to fast track the payment of returns to those within the affected areas, and suspend recovery action until May 2017.

You may also contact the Australian Taxation Office to discuss entering into a repayment arrangement, including interest free arrangements.  If your records have been destroyed, the ATO may also be able to assist in recovering information to meet your obligations.

These measures are only for those businesses or business owners located in certain postcodes. To check whether your postcode is included, visit the ATO website here:—march—april-2017/

If your postcode is not listed but you have been affected, you may still be able to contact the ATO for assistance and support.

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