Activity Statements And Super Contributions Due For March Quarter, Reminds ATO

by Mary Swire, for LawAndTax-News.com, Hong Kong

24 April 2008

The Australian Taxation Office (ATO) has this week reminded businesses that March quarterly activity statements and super contributions are due by Monday, 28th April, 2008.

Deputy Commissioner Geoff Robinson suggested that the online business portal is the quickest, easiest and most secure way to lodge activity statements, and pay any amounts owing, explaining that:

“Businesses may also be eligible for a two week extension on their activity statement if they lodge and pay online."

He continued: “If you are concerned that you may not be able to meet the deadline or pay your total tax debt, contact the Tax Office as soon as possible."

“We will work with you to put in place a suitable payment arrangement to help you meet your obligations.” .

The ATO also announced that employers must pay all super contributions for the March quarter by 28th April.

“Any employer who fails to meet the deadline must lodge a superannuation guarantee quarterly statement and pay the super guarantee charge to the Tax Office," Robinson continued, adding:

“Remember that if an employee made a choice of super fund, their super contributions must be paid to that chosen fund.”

The Tax Office reminded businesses that under new super laws, they must provide their employees’ tax file numbers (TFNs) to their super fund within 14 days of receipt.

Businesses should make sure their super fund has their employees’ TFNs before 30 June each year, in order to avoid penalties.

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