What is a Director Penalty Notice?
A Director Penalty Notice (DPN) is a serious form issued by the Australian Taxation Office (ATO) that can make directors personally liable for certain tax debts of their company.
In Trouble for JobKeeper Rort?
Since the introduction of the JobKeeper wage subsidy, almost 3.8 million employees employed by more than 1 million businesses, have received more than $80 billion from the ATO in JobKeeper payments.
Resumption of Tax Compliance Activities by the ATO
The Australian Taxation Office (‘ATO’) has announced that from March 2021 it will on a case-by-case basis, resume debt recovery activities and lodgement compliance activities. This is no surprise. Tax debt has now reached $53 billion.