IGT – ATO debt collection
With uncollected taxes blowing out to $17.7 billion in 2012/13 (over 60% owed by small businesses), the Inspector General of Taxation (IGT) has stepped into the fray and announced that he is going to review the ATO’s approach to debt collection.
The ATO has stated that more recent increases are a result of economic conditions and its assistance to viable businesses to stay afloat, but the IGT is concerned that it is a persistent source of taxpayer complaint.
Other aspects of the ATO’s debt management, including its use of third party debt collectors, have also been questioned.
Confidential submissions can be made to the IGT until 18 July 2014.