Key Due Dates - April 2022

This is a friendly reminder of the upcoming Key Due Dates across the month of April 2022 for small-to-medium sized businesses:

Key Due Dates - Calendar: April 2022

4 April 2022
Category Description

Director Identification Number

Directors appointed between 1 November 2021 and 4 April 2022 must have a Director Identification Number (DIN) within 28 days of appointment. Directors appointed after 4 April 2022, must have a DIN before appointment.

If you were a Director on or before 31 October 2021, you have until 30 November 2022 to apply.

21 April 2022
Category Description

Activity Statements

Due date for ‘Head Companies of Consolidated Groups’ to lodge and pay Quarterly – Instalment Activity Statements for the March 2022 Quarter.

Activity Statements

Due date for entities that are not “deferred BAS payers” to lodge and pay Monthly – Activity Statements for March 2022.

Tax obligations that may be payable include:

  • GST, Wine Equalisation, and Luxury Car Tax for March 2022
  • PAYG Withholding:
    • for March 2022 (Medium Withholders)
    • for the March 2022 Quarter (Small Withholders)
  • PAYG Instalment
    • for March 2022 for Monthly - PAYG Instalment payers
    • for the March 2022 Quarter for Quarterly - PAYG Instalment payers (Q3 - 2021/22 Income Year)
  • FBT Instalment for the March 2022 Quarter (Q4 - 2022 FBT Year)
An entity is generally a “deferred BAS payer” for a particular month, if the entity is small or medium withholder (total annual PAYG withholding $1m or less), is not required to pay GST monthly, and has a quarterly tax obligation due that month (e.g. FBT instalment or GST). The Quarterly Activity Statement due date applies to these entities (28 April 2022, or 26 May 2022 if lodged electronically through an agent or the entity is an active STP reporter).

28 April 2022
Category Description

Activity Statements

Due date to lodge and pay Quarterly – Activity Statements for the March 2022 Quarter (if lodged on paper and the entity is not an active STP reporter).

Tax obligations that may be payable include:

  • GST, Wine Equalisation Tax and Luxury Car Tax for the March 2022 Quarter
  • PAYG Withholding
    • for March 2022 (Medium Withholders)
    • for the March 2022 Quarter (Small Withholders)
  • PAYG Instalment for the March 2022 Quarter for Quarterly – PAYG Instalment payers (Q3 – 2021/22 Income Year)
  • FBT Instalment for the March 2022 Quarter (Q4 – 2022 FBT Year)

The due date to lodge and pay is 26 May 2022 if lodged electronically through a Tax Agent or BAS Agent or the entity is an active STP reporter

Superannuation

Due date for employers to pay Superannuation Guarantee Contributions for the March 2022 Quarter.

Employers who fail to pay minimum Superannuation Guarantee Contributions by this date must pay the ‘Superannuation Guarantee Charge’ (SGC) and lodge a Superannuation Guarantee Charge Statement – Quarterly by 28 May 2022.

The SGC is not tax deductible.

PAYG Instalments / GST Instalments

Due date to pay Quarterly PAYG and/or GST Instalment Notices for the March 2022 Quarter (Q3 – 2021/22 Income Year).

Due date to lodge the Instalment Notice if varying the Instalment amount.

TFN / ABN Reporting

Due date for Investment Bodies to lodge Quarterly – TFN/ABN Reports for the March 2022 Quarter for new TFN/ABN quotations by investors.

Self-Managed Super Fuds

SMSF Transfer Balance Account Report for March 2022 Quarter. This is if a Transfer Balance Account event occurs in a member's SMSF between 1 January 2022 and 31 March 2022, and any member of the SMSF has a total Super balance greater than $1 million.

Where all members of an SMSF have a total Superannuation balance of less than $1 million, the SMSF can report this information at the same time as when the SMSF Annual Return is due.

 

2 May 2022
Category Description

National Rental Affordability Scheme

End of the National Rental Affordability Scheme (NRAS) Year.

Franking Account Tax Return

Due date for New Zealand franking companies (a New Zealand resident company which has made an election to join the Australian imputation system) with a 31 March 2022 Year-End to lodge the franking account tax return, where any of the following apply:

  • a liability for Franking Deficit Tax
  • a liability for Over-Franking Tax, or
  • an obligation to notify the Commissioner of any significant variation in their benchmark franking percentage between franking periods
New Zealand franking companies should lodge using the Franking Account Tax Return 2021 form with the dates changed.

TFN Reporting

Due date for Closely-Held Trusts to lodge Quarterly – TFN Reports for the March 2022 quarter for TFNs quoted to a trustee by beneficiaries.

Superannuation

Due date for APRA-regulated Superannuation Funds (i.e. Not Self-Managed) and RSA providers to advise the ATO of lost members using the Member Account Attribution Service for the half-year to 31 December 2021.

 

For More Information

For more information on any of the included dates above, please contact the Archer Gowland Redshaw office on (07) 3002 2699 | info@agredshaw.com.au

Aisha Thomas

Written by Aisha Thomas

Aisha is a fully-qualified Business Services Manager, with over 12 years’ experience working within the Accounting industry. In her role with Archer Gowland Redshaw, Aisha specialises in providing tailored accounting, taxation, and strategic business advice to SMEs and high-net wealth individuals – helping clients to achieve their best financial and business outcomes.