Early payments will earn automatic interest, says ATO

The ATO said businesses are entitled to interest on early payments for certain liabilities if they are received more than 14 days before the due date.

Watchdog tips big changes for your accountant

For eligible payments made after 13 March 2022, the ATO is paying IEP entitlements generally within two weeks of the due date of the liability.

Read more at Accountants Daily

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