Wednesday, January 26, 2011

Extra time to lodge and pay monthly acvtivity statements

Tax Commissioner Michael D’Ascenzo has given extra time for all businesses in Queensland and the Tweed to lodge December monthly activity statements.

“The damage to infrastructure and disruption to basic services as a result of the flooding is such that I have decided to allow extra time for all businesses in Queensland and the Tweed area,” D'Ascenzo said.

Businesses with addresses in Queensland and those in flood affected postcodes will automatically have their lodgement and payment dates deferred for the December monthly activity statements from the original due date of 21 January 2011 to 21 February 2011. They will not need to apply for a deferral. If deferrals to later dates have already been approved, they will still apply.

“People may also consider using electronic lodgement of forms and elect to have payment of refunds via electronic funds transfer,” D’Ascenzo said.

Businesses may check whether a deferral has been received through the Business Portal or by contacting the ATO’s dedicated emergency support info line on 1800 806 218.


As well,  ATO Second Commissioner Bruce Quigley has announced the ATO will allow deductions without a receipt for donations up to $10 made to 'bucket appeals' for the floods in Victoria, Queensland and New South Wales.


“With floods now affecting communities across three states, we want to support community efforts to help people put their lives back on track," Quigley said.

“For donations over $10 make sure you keep your receipt so you can claim your deduction in your tax return.

“For donations made via the web, a bank or credit card statement will be enough.”

To be deductible the donation must be made to a 'deductible gift recipient'.

Most major charities are registered as 'deductible gift recipients' but if you are not sure whether an organisation is registered or not you can check on www.abr.business.gov.au.

Source: ato.gov.au


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