Tax Office owns up to incorrect GIC calculation

Incorrect general interest charges have been applied to a number of existing tax debts as the ATO pins its latest error on its recent system changes.

by | 10 Mar, 2020

Trustee behaviour in focus as ATO wins in Administrative Appeals Tribunal

Accountants Daily understands that the ATO has now sent out erroneous tax debt notices to taxpayers, warning them to pay incorrectly applied unpaid general interest charges (GIC).

Read more at Accountants Daily.

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