The Australian Taxation Office are changing their approach to collecting unpaid tax and superannuation debts, focusing on businesses who refuse to engage with them and ignore their requests for payment.
This approach, the Taxation Office believe, will make it fairer for compliant businesses that do the right thing and fulfil their tax obligations.
Whether you operate a small or large business, failure to engage with the Taxation Office or set up a payment plan will result in quicker and firmer actions being taken, such as the issue of a garnishee notice or a Director Penalty Notice.
If you have unpaid GST, pay as you go (PAYG) withholding or employee super, we recommend if you can pay in full that you do so right away, otherwise we encourage you to look at your payment plan options and engage with the Taxation Office as soon as possible – don’t delay.
For further information, refer to the Australian Taxation Office website.
Note: The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.
