ATO corrects its error - impact on PAYG instalments
Perrier Ryan • November 29, 2020
We have been receiving enquiries from clients confused about refunds and correspondence being issued from the ATO. Unfortunately, the ATO is not only not explaining the reason behind the refund or the revised notional tax notices, but correspondence also refers to it as a "client initiated amendment" to the BAS - when actually it is the ATO making the amendments. Essentially, there is a correction to the company tax rate.
For more information about the situation, see the ATO newsroom.
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