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What Happens If You Lodge BAS Late?

What Happens If You Lodge BAS Late?

Shehan Wijayasinghe

Shehan Wijayasinghe

Min Read

Consistently lodging BAS late can lead to ATO penalties and fines. Learn why lodging on time matters, even if you can’t pay.

What Happens When BAS Is Lodged Late?

Consistently lodging your BAS late can result in ATO penalties and fines. Even if you can’t afford to pay by the due date, it’s important to lodge on time to remain compliant and avoid additional scrutiny.

Remember, BAS includes GST and PAYG withholding - money collected on behalf of the ATO. Failing to lodge or pay may signal deeper cash flow issues.

If you’re struggling to pay, speak to your bookkeeper or accountant early. They can help review your cash flow, identify underlying issues, or arrange a payment plan with the ATO.

About author

Shehan Wijayasinghe

Accounting

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