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ATO details COVID-19 hit on revenue and lodgement targets

The ATO’s latest annual report has detailed the effects of the pandemic on its audit and debt collection activities, with the Tax Office collecting $13.7 billion against a performance target of $15 billion.

ATO details COVID-19 hit on revenue and lodgement targets
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ATO details COVID-19 hit on revenue and lodgement targets

The Tax Office had expected the target to be exceeded based off its results for the first six months to December 2019, before the summer bushfires and COVID-19 caused a rethink of its compliance approach.

Read more at Accountants Daily

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