Taxpayers owing money to the Australian Taxation Office can expect to have their refunds, or credits with other government agencies, clipped by the outstanding amount as a COVID-19 moratorium on recouping outstanding payments is lifted.
Tax agents have been contacted by the ATO warning that “you may notice that your client’s refund is less than expected” as authorities seek to recoup unpaid debts.
Loading...
Duncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au