ATO processing delays
The ATO are currently experiencing lengthy delays in processing tax returns due to a major system upgrade recently undertaken. Please note that any delays you are experiencing are beyond the control of BCV Accounting. The ATO recently provided the following status update:
We have processed around one million income tax returns using our new system, including all stockpiled returns and returns received up until the end of February.
Refunds and assessments have progressively been issuing since mid-February, and some people have already received refunds.
So far we have issued:
- around 200,000 refunds to clients
- around 240,000 notices of assessment, and
- around 230,000 statements of account.
The majority of refunds for returns lodged in December or January have been issued, and the majority of refunds for returns lodged in February will issue by the end of next week, 12 March 2010.
If we take longer than 30 days to process returns, we will pay interest.
As usual, some refunds will take longer to issue – for example, if they involve complex tax affairs or we need to check the legitimacy of a claim for a refund.
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