ATO adopts ‘strict line’ on PAYG withholding deferrals

The ATO will now only consider deferring PAYG withholding for large businesses where there is a genuine risk of insolvency, but directors have been warned of the significant risks in applying for the relief.

by Shared by Accountants Daily | 6 Apr, 2020

myGov client communication change rollout begins

The Tax Office has now clarified its position on its discretion to defer the PAYG withholding, GST and excise obligations of large withholders, following reports that businesses were being allowed to use PAYG withheld to stay afloat amid the ongoing coronavirus crisis.