Earlier this week, the Australian Taxation Office announced implementation of a range of support strategies to help those affected by the floods currently being experienced in Queensland.
This includes the deferral of lodgement dates and the implementation of general interest charge (GIC) stoppers for businesses, tax payers and tax practitioners.
If you reside within any of the flood afflicted areas,
you do not need to apply for a deferral, as the ATO will automatically defer the lodgement and payment date for December monthly activity statements, originally due 21 January, to 21 February 2011. Any later deferrals that have already been granted will still apply.
For more information, please visit
http://www.ato.gov.au/corporate/content.asp?doc=/content/00266454.htm or call the ATO on
1800 806 218.