Aussies off the hook for late tax returns – Wealth-Growth.com
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Aussies off the hook for late tax returns

Excellent news for individuals who depart issues to the final minute.

The Australian Taxation Workplace (ATO) have introduced they won’t be penalising Australians for failure to lodge their 2015-2016 tax returns on time.

In an announcement launched on their web site, the ATO attributed this choice to IT and system issues, which in addition they apologised for.

The problems we’ve encountered with our methods over the previous few weeks spotlight the sheer dimension, scale, and complexity of the ATO’s IT surroundings.

We proceed to look at the triggers and trigger of those points and this evaluation is informing the continuing remediation work we’re enterprise.

We are able to verify latest occasions haven’t been associated to our storage space community (SAN), however have been attributable to different {hardware} or mainframe points, and typically merely human error.

The system errors relate to a collection of outages the ATO skilled in December 2016 and February 2017. They assured Australians that no taxpayer information had been misplaced or compromised, and authorities income for 2016-2017 had not been impacted.

In a separate assertion, the ATO additionally acknowledged that they’re assured new measures in place will permit them to match the “expertise of Tax Time 2016, and taxpayers will be capable to lodge their returns and obtain their refunds”.

The late cost leeway will probably be put in place robotically. Tax practitioners, their shoppers and different taxpayers don’t must contact the ATO.

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