What is the ATO BAS late lodgement penalty fee?
How much does the ATO charge as a penalty fee if your BAS lodgement is late? Is there any way of appealing the penalty fee?
When you fail to pay your BAS on time, the Australian Taxation Office may impose a late lodgement penalty fee.
One penalty unit will be applied for each 28 days that you are late which equals $222
See https://www.ato.gov.au/general/interest-and-penalties/penalties/
If you know you will be late lodging or payment your BAS the best option is simply to pick up the phone and let the Australian Taxation Office know in advance. Most times they are understanding of your circumstances and will not impose you with a penalty fee.
The WORST THING YOU CAN DO is not contact the Australian Taxation Office.
Failure to do so will only attract more fees and interest.
Hi Cliona
If you use a BAS Agent you get a few extra weeks, except for the Q2 BAS as you already get an additional month due 28th February. Most Agents will request an extension if they know they cannot meet the deadline date.
see https://www.ato.gov.au/general/online-services/in-detail/two-week-lodgment-concession---terms-and-conditions/
@Deborah Vella @Carmen Morris and @Michelle Maynard , you probably have some experience with this too!
Cliona Elliott, SEO Copywriter at Intrepid Travel
Thanks for the info Amanda. Do you know how long the due date is extened if you go through a BAS agent? Does it give you quite a bit more time?