Craig Michie, a senior executive at non-bank lender ScotPac, said he and his colleagues have started to see the ATO issue letters of intent.
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ATO no longer prepared to be viewed as a line of credit
New debt reporting powers afforded to the ATO in 2019, which later took a backseat to the pandemic, have now taken effect and could see businesses that owe more than $100,000 in tax and are more than 90 days in arrears without a payment plan be reported to credit agencies.
