What’s the risk of the ATO being nicer to taxpayers - live reporting and pre loading tax deductions, let’s say they do that merely to cut their massive workforce and labour hours from July to November each year?
Whats the risk this service could be redundant? I’ve always lodged my tax returns bar two complex years (lateness and business matters) and but for my lazy PHI provider, I could have gotten my refund on the 6th, not the 12th.
ATO basically paid out in five days. If data was live and allowed for returns to be lodged say on June 26 2024, then July 1 tax returns could be a “thing” - if not more quickly as live reporting happens.
Ann: Strong Demand for 'Next Day Refunds' Tax Product, page-18
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