COM101120 - Penalties: penalty determinations: return periods

Companies incur penalties for failing to deliver a return(s) in response to a notice to deliver (Word 29KB).

You may not know for certain the dates of the return period(s) (Word 28KB) at the time when you determine the penalties. However, when the specified period (Word 27KB) in a notice to deliver is for 12 months, the notice will always require the delivery of at least one return.

Late filing penalties are determined by reference to the obligation imposed by a notice to deliver without specifying the return period or periods involved.

This means that determinations will not be invalid if your assumptions about the return period or periods turn out to be incorrect.

For legislation applying to this subject, see COM101011.