A recent ATO crackdown on unpaid tax liabilities could leave you being personally liable for the costs.
A Directors Penalty Notice (DPN) refers to an ATO issued notice for unpaid tax liabilities, in which directors can be made personally liable for.
As we enter into the recovery phase of the pandemic, the ATO is recognising the resumption of debt collection and reinforcing this among Australian businesses significantly in 2022.
The ATO has the ability to issue a DPN where there are overdue or unpaid tax debts and no reasonable steps have been taken to minimise or pay the debt.
Read our latest article published in this months issue of BuiltView Magazine, to find out if you’re at risk of a DPN.
Written by Eloise Turnbull, one of Greenhalgh Pickard’s Litigation Solicitors. Eloise holds a Bachelor of Laws (Honours Class I) from the University of the Sunshine Coast. In 2021, Eloise completed her Graduate Diploma of Legal Practice at the College of Law and was admitted to the Supreme Court of Queensland.