If you lodge your own tax return, the deadline is usually 31 October. If that date has passed and you haven’t lodged, you’re not alone — and it’s not too late. The most important thing is to act quickly.
What happens if you miss the tax return deadline?
Once the deadline passes, your tax return is overdue. The tax office may send reminders and, in some cases, apply failure-to-lodge penalties, especially if you owe tax or have several years outstanding. If you are owed a refund, you simply won’t receive it until you lodge.
Step 1: Don’t ignore it
Overdue returns don’t go away. Lodging as soon as possible reduces the risk of penalties and interest and gets any refund into your account sooner.
Step 2: Gather your information
- Your income statement from your employer
- Bank interest, dividends and any other income
- Receipts for work-related expenses and deductions
- Rental property, business or investment records
- Private health insurance details
Step 3: Use a registered tax agent
A registered tax agent can access much of your income information, prepare your return accurately and lodge it for you. If you have several years outstanding, we can lodge them all and help you deal with any letters or debts.
Will I get a penalty?
It depends on your situation, including how late the return is and whether you owe tax. Lodging promptly through a tax agent and keeping in contact with the tax office is the best way to reduce the risk.
Avoid missing the deadline next year
When you join a registered tax agent’s client list before 31 October, you may be able to lodge later under the tax agent lodgement program. Booking in early also means you get your refund sooner.
Need help? Talk to UV TAX
UV TAX is a registered tax agent with offices in Truganina and Point Cook, helping clients across Australia. Call 0466 268 405 for a free consultation and a free fixed quote.
Related: Late Tax Return Lodgement · Individual Tax Returns · Income Tax Calculator
This article is general information only and does not take your personal circumstances into account. Please contact us for advice about your situation.