Have you missed the deadline to lodge your tax return, or do you need a bit more time? Don't stress, you can get an extra six months if you lodge your return using a tax agent. The cost of using a tax agent is completely tax deductable regardless of when you lodge your return. If you haven't used a tax agent before, or if you've switching to a new tax agent, you do need to be on their books by 31 October to get the six month extension. This just means you need to contact them and either book an appointment or register your details on their online portal.
When do I need to lodge my 2018/19 tax return?
By October 31 2019 (if lodging yourself)
By as late as 15 May 2020 (if lodging through a tax agent – conditions apply, see text for details)
Individuals starting from $79*
Sole trader starting from $150*
Ride sharing tax returns start from $110*
FinTax Group Offer
Qualified to handle your tax and financial needs.
Help you complete your tax return if you have more than one job, or income from other sources such as investments.
Offers a wide range of services from tax advice to business setup and advisory.
Register with a tax agent online to lock in the six month extension.
Updated February 21st, 2020
*This is the minimum fee charged for income item tax returns. The price listed on this table is subject to terms and conditions. To find out more or to receive an accurate quote for your tax return, please visit the agent's website to submit an enquiry.
The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.
When is the tax return deadline?
The tax return deadline if you’re lodging your tax return yourself is October 31. In other words, your tax return for the financial year from 1 July 2018 to 30 June 2019 must be filed by 31 October 2019 (this has passed, so if you haven't filed it yet you've missed the deadline!).
However, if you lodge your tax return through a registered tax agent, the rules are a little different. Tax agents have a special facility with the ATO that allows them to lodge a return on your behalf after the October 31 deadline – but you usually need to be registered with a tax agent by October 31 in order to take advantage of this extended deadline. If you haven't yet registered with a tax agent and you've missed the deadline, make an appointment to lodge your return anyway - it's better to lodge it late than to not lodge it at all.
While the deadline for lodging through a tax agent varies depending on your personal circumstances, you potentially have until May 15 the following year to lodge your return – an extension of more than six months when compared to the normal deadline. So when filing your return for the 2018-19 financial year, the deadline is 15 May 2020 when submitting through an agent.
However, different rules apply if you lodge through a tax agent and you had tax payable of $20,000 or more in the previous financial year. If this is the case, the deadline moves forward slightly to March 31 the following year.
And if you have one or more unlodged tax returns from earlier years, you will be ineligible for the extended tax deadline and will need to submit your returns (this year’s return and the outstanding earlier returns) by October 31.
Who sets the tax return deadline?
The income tax return deadline is set by the ATO. As the Australian Government’s principal revenue collection agency, it’s the ATO’s job to collect tax from all income-earning Australians. The deadline is in place to ensure that all taxpayers pay the money they owe the government in a timely fashion, and that you receive any refund you may be entitled to.
Possible reasons for missing the tax return deadline
There are several reasons why you might have missed the ATO’s tax return deadline, such as:
You were travelling overseas and didn’t submit your return in time
You didn’t realise you needed to file a tax return until it was too late
You forgot to file your return in time
You were worried you would be burdened with a tax debt that you’d be unable to afford
You failed to lodge because you were suffering from a serious illness
You failed to lodge due to a natural disaster
You failed to lodge due to a family breakdown
What to do if you miss the deadline
If the deadline has passed and you haven’t filed your return, the best thing you can do is lodge your return with the ATO as soon as possible. Unless there are extenuating circumstances, you may be hit with a late lodgment penalty – and this penalty increases the longer you wait to submit your return.
If you keep putting it off, the penalty you’ll be required to pay will only increase and you may eventually face prosecution. With this in mind, it’s worth your while to lodge your return as soon as possible and minimise the penalties that may apply.
The good news is that, if you have a good history of lodging your returns and paying any ATO debts on time, you may be able to avoid the late lodgment penalty. However, you will need to have a good reason for missing the deadline, and the sooner after the deadline you lodge your return the better.
What penalties apply if you miss the tax return deadline?
If you fail to lodge a return or statement with the ATO on time, you may need to pay a failure to lodge (FTL) penalty. For individuals, the FTL penalty is calculated at the rate of one penalty unit for each period of 28 days (or part thereof) that your return is overdue, up to a maximum of five penalty units. So if you’re late lodging your return for the 2018-19 financial year, the following fees could apply:
If your return is up to 28 days late: $210 fine
If your return is 29-56 days late: $420 fine
If your return is 57-84 days late: $630 fine
If your return is 85-112 days late: $840 fine
If your return is more than 112 days late: $1,050
If you’ve failed to lodge your return in time, the ATO will notify you in writing or over the phone. The ATO also doesn’t generally apply penalties in isolated cases of late lodgment, and will take your personal circumstances and history of compliance into account before deciding on the best course of action.
In addition, if you lodge your return after the deadline and incur a debt, the ATO will charge you interest on that debt from the date it was due until you end up paying it. The general interest charge (GIC) rate that applies to unpaid tax liabilities is reviewed quarterly, and for July to September 2017 was set at 8.73% p.a.
Frequently asked questions about the tax return deadline
You can lodge a return in three ways:
Online using the MyTax service
Through a registered tax agent
By completing and submitting a paper tax return by post
If this happens, you can lodge your return on the next business day.
Your employer needs to supply your group certificate, officially known as a payment summary, by July 14 each year.
The payment summary shows the payments your employer has made to you, and the tax amounts it has withheld from those payments throughout the financial year.
Contact the ATO as soon as possible – it has a range of payment options available to help. If you’re in “serious hardship”, the ATO may be able to release you from some or all of your debt.
Finder.com.au’s range of tax calculators can help you work out your tax refund or liability.
Tim Falk is a writer for Finder, writing across a diverse range of topics. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. When he’s not staring at his computer, you can usually find him exploring the great outdoors.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.