ATO issued almost 18,500 director penalty notices in 2022
The Australian Taxation Office certainly wasn’t lying when it warned it was cracking down on small business debt following the moratorium during the pandemic.
That’s after the ATO released new figures showing it issued almost 18,500 director penalty notices over the 2022 calendar year.
- * Issuing garnishee notices (which allow the ATO to deduct money from bank accounts or wages)
- * Offsetting the amount payable under the DPN against tax credits
- * Starting legal proceedings in respect of the debt
So what should you do if you owe a significant tax debt to the ATO and can’t pay it?