ATO – General Interest Charge (GIC) or Penalty Remission

The ATO is on the warpath and is certainly not afraid of trying to raise some extra revenue lately.

You may have recently been imposed by the ATO with General Interest Charges or Penalties due to personal circumstances for late or outstanding lodgments or possible late payment on an ATO amount outstanding.

We would advise that the ATO expects lodgments & payments to occur on time to avoid such unnecessary payments. The ATO would grant remission if the delay in payment being not due to you (for example, natural disasters, industrial action, the unforeseen collapse of a major debtor or the sudden ill health of key personnel) and you took reasonable action to reduce the delay and providing evidence to prove of such an occurrence.

If you have ever encountered being charged with GIC or a penalty due to above listed reasons, we encourage you to contact the ATO to provide the required reason(s) and evidence directly.

If you would like us to contact the ATO and request the remission on your behalf please provide the above details and evidence and we would be more than happy to assist you.

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