ATO details COVID-19 hit on revenue and lodgement targets
The ATO’s latest annual report has detailed the effects of the pandemic on its audit and debt collection activities, with the Tax Office collecting $13.7 billion against a performance target of $15 billion.
The Tax Office had expected the target to be exceeded based off its results for the first six months to December 2019, before the summer bushfires and COVID-19 caused a rethink of its compliance approach.
Read more at Accountants Daily.
