ATO delays credit card tax payment ban after backlash
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The ATO’s credit card tax payment ban is delayed after backlash, but businesses say bigger cost pressures remain.
After fierce criticism from small businesses, the federal government has delayed the ATO’s planned ban on credit card tax payments. Why did the tax office want the change, what does the reprieve mean for businesses managing cash flow, and why do many say the underlying problem remains unresolved?
Why the ATO planned to stop accepting credit card payments on tax bills and the cost it says is driving the decision.How small business owners say the proposed change could affect cash flow and day-to-day survival.The government’s intervention to delay the ban and the debate over whether that goes far enough.How recent payment system reforms and the end of credit card surcharges are affecting businesses and consumers.Why industry groups warn that rising costs, fees and compliance pressures are continuing to squeeze small businesses.
