The Queensland Trucking Association has secured tax help for trucking companies in flood and fire zones.
The Queensland Trucking Association has secured tax help for trucking companies in flood and fire zones.

Tax help for trucking businesses

TRUCKING businesses affected by recent floods in Queensland will be given a tax break.

Chief Executive Officer of the Queensland Trucking Association, Peter Garske said the association had secured the tax help.

"After discussions with the industry, the Australian Taxation Office announced today that it has deferred the BAS lodgement and payment dates for businesses in the postcodes most affected by the floods," he wrote in the most recent QTA Transporter Brief.

"It has also announced a deferral for businesses in the postcodes affected by the January bushfires."

Areas eligible for the deferrals have the postcode 4341, 4650, 4670, 4680, 4700 and 4570.

There's no need to apply for the extra time, if you live in one of those postcodes the ATO will apply it automatically.

What it means:

- lodgement and payment of December monthly activity statements will be deferred from the original due date of 21st January 2013 to 29th April 2013;

- lodgement and payment of January monthly activity statements will be deferred from the original due date of 21st February 2013 to 29th April 2013;

- lodgement and payment of February monthly activity statements will be deferred from the original due date of 21st March 2013 to 29th April 2013;

- lodgement and payment of December quarterly activity statements will be deferred from the original due date of 28th February 2013 to 29th April 2013.

 

Mr Garske warned that large withholders that had previously withheld more than $1 million per year or are part of a corporate group that has withheld this amount are not eligible for the deferral.

The ATO has also stated that it cannot vary the contribution due date or waive the nominal interest on late super guarantee payments.

Businesses outside the listed postcodes that were affected by the floods or bushfires can

apply for a deferral on a case-by-case basis by phoning the ATO on 1800 806 218.

Mr Garske wrote in the brief that the QTA was able to secure the result through its membership of the Australian Trucking Association, which took the issue up with the ATO on the QTA's behalf.

For more information about the deferrals and the complete list of affected postcodes, visit the ATO website.

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