02 9683 5999The ATO has extended the availability of interest free payment arrangements for an activity statement debt. In order to be eligible, the following conditions must be met:
- Annual turnover of less than $2 million
- Debt must have arisen from activity statement liabilities
- A mutually acceptable payment timetable entered into between now and 30 June 2011
Please note that the ATO expects businesses on a payment arrangement to enter into a direct debit arrangement. If there is a default on the arrangement through non-lodgement or non-payment, interest will be charged from the date of default.
