Wrong Penalty, 85% and SBR The ATO is issuing “Penalty for - TopicsExpress

Wrong Penalty, 85% and SBR The ATO is issuing “Penalty for Failure to Lodge Activity Statement on Time” notices imposing a penalty for the late lodgement of Taxpayer activity statements. A penalty of $1700, despite the ‘maximum’ penalty being $850 (maximum 5 penalty units x $170). Should tax agents frame them, with the out of date and incomplete “overdue documents” email from the ATO earlier this week. And the ATO continues to intimidate professional, ethical, and caring tax agents with the 85% on-time lodgement policy at the same time as threatening SBR that is either (1) going to remove $500m odd in professional tax agent fees from the economy or (2) is just “ELS 3.0” and we needn’t worry about it, depending upon which day we are listening to ATO messages. Unfortunately competence is not a prerequisite to throwing your weight around.

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