Changes to being able to pre-pay tax

Changes to being able to pre-pay tax

The ATO has advised practitioners that to make it easier for clients to manage their tax liabilities, they can now pre-pay their activity statement before the due date.

In the past, the ATO automatically refunded credits from early payment. Now, a pre-payment made towards a tax liability before it’s due will remain on a client’s account unless a refund request is made through the Tax or BAS Agent Portal.

Ref: ATO Website- Changes to tax pre-payments.

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