Key Dates - July 2014

Date Category Description
     
14 Jul 2014 PAYG withholding Due date for payers to issue the following types of PAYG withholding payment summaries to payees (includes employees and recipients of certain other payments):           
  • PAYG payment summary - individual non-business for employees, company directors and office holders who received salary, wages, pension payments, compensation, allowances or reportable fringe benefits.
  • PAYG payment summary - foreign employment for employees, company directors and office holders who received income from foreign employment, or for work in the Joint Petroleum Development Area.
  • PAYG payment summary - business and personal services income for non-employees who have made a voluntary agreement to withhold tax, or were employed under a labour hire arrangement, or received certain specified payments, or earned personal services income through a separate entity.
  • PAYG payment summary - superannuation income stream for payees who received an income stream benefit (a pension or annuity) from a superannuation fund, approved deposit fund or life insurance company.

Payment summaries for various other types of payments subject to PAYG withholding must be issued within a short period after the payment is made.

     
14 Jul 2014 Employee share schemes Due date for providers of interests in employee share schemes (ESS interests) to provide Employee share scheme statements to employees.
     
21 Jul 2014 Activity statements Due date for entities that are not "deferred BAS payers" to lodge and pay monthly activity statements for June 2014. Tax obligations that may be payable include:
  • GST, wine equalisation tax and luxury car tax for June 2014.
  • PAYG withholding:
    • for June 2014 (medium withholders).
    • for the June 2014 quarter (small withholders).
    • for the year ended 30 June 2014, from employee share schemes amounts where the employee did not quote a TFN or ABN.
    • for the year ended 30 June 2014 by investment bodies, from accrued gains on deferred interest securities where the investor did not quote a TFN.
  • PAYG instalment:
    • for June 2014 for monthly PAYG instalment payers (corporate tax entities with instalment income (as defined) above $1 billion).
    • for the June 2014 quarter for quarterly PAYG instalment payers (4th quarter of the 2013/14 income year).
  • FBT instalment for the June 2014 quarter (1st quarter of the 2015 FBT year).

An entity is generally a "deferred BAS payer" for a particular month, if the entity is a small or medium withholder (total annual PAYG withholding $1m or less), is not required to pay GST monthly, and has a quarterly tax obligation due that month (e.g. FBT instalment or GST). The quarterly activity statement due date applies (28 Jul 2014, or 25 Aug 2014 if lodged electronically through an agent).

     
21 Jul 2014 Activity statements Due date for head companies of consolidated groups to lodge and pay quarterly instalment activity statements for the June 2014 quarter.
     
21 Jul 2014 Taxable payments reporting Due date for businesses in the building and construction industry to lodge the Taxable payments annual report with details of payments to contractors during the year ended 30 June 2014, or TPAR nil report if no payments were made.
   
28 Jul 2014 Activity statements  Due date to lodge and pay quarterly activity statements for the June 2014 quarter (if lodged on paper). Tax obligations that may be payable include:
  • GST, wine equalisation tax and luxury car tax for the June 2014 quarter.
  • PAYG withholding:
    • for June 2014 (medium withholders).
    • for the June 2014 quarter (small withholders).
    • for the year ended 30 June 2014, from employee share schemes amounts where the employee did not quote a TFN or ABN.
    • for the year ended 30 June 2014 by investment bodies, from accrued gains on deferred interest securities where the investor did not quote a TFN.
  • PAYG instalment for the June 2014 quarter for quarterly PAYG instalment payers (4th quarter of the 2013/14 income year).
  • FBT instalment for the June 2014 quarter (1st quarter of the 2015 FBT year).

The due date to lodge and pay is 25 Aug 2014 if lodged electronically through a tax agent or BAS agent.

     
28 Jul 2014 PAYG instalments
GST instalments
Due date to pay quarterly PAYG and/or GST instalment notice for the June 2014 quarter (4th quarter of the 2013/14 income year).
Also due date to lodge the instalment notice if varying the instalment amount. If you have already lodged your income tax return, you should not vary your June quarter PAYG instalment.
     
28 Jul 2014 Superannuation  Due date for employers to pay superannuation guarantee contributions for the June 2014 quarter.
Employers who fail to pay the minimum superannuation guarantee contributions by this date must pay the superannuation guarantee charge (SGC) and lodge a Superannuation guarantee charge statement - quarterly by 28 Aug 2014. The SGC is not tax deductible.
     
31 Jul 2014
TFN/ABN reporting
Due date for the following entities to lodge quarterly reports for the June 2014 quarter:           
  • Investment bodies TFN/ABN reports for new TFN/ABN quotations by investors.
  • Closely held trusts TFN reports for TFNs quoted to a trustee by beneficiaries.
     
31 Jul 2014
Franking account tax return
Due date for June balancing companies (including New Zealand franking companies) to lodge the Franking account tax return 2014, where any of the following apply:
  • a liability for franking deficit tax
  • a liability for over-franking tax, or
  • an obligation to notify the Commissioner of any significant variation in their benchmark franking percentage between franking periods.

New Zealand franking companies are often "early balancing" companies with a 31 March year end. If those companies have any of the above obligations for the year ended 31 March 2015, they should lodge using the 2014 form by 30 Apr 2015.

NOTE:

  • To ensure you receive the correct credit amount in your income tax assessment, finalise all your PAYG instalments before you lodge your tax return.
  • As some dates may vary, please ensure you contact the Australian Taxation Office to double check any dates in question.
  • When the due date for lodgement or payment falls on a Saturday, Sunday, or public holiday, it may be done on the next business day.