Breaking news for Australian small businesses: the Australian Taxation Office (ATO) has announced temporary relief measures to support businesses impacted by the current fuel supply issues. If your cash flow, income or operations have been affected, here is what the new ATO relief means for you and what to do next.
What Does This Mean for YOU?
The ATO is offering a range of temporary support measures to help affected businesses stay on top of their tax obligations during this disruption. Here is a breakdown of what is on the table.
More Flexibility With Tax Payments
If your cash flow is tight, you may be able to set up more flexible payment plans or have interest and penalties reduced or waived. Talk to us early — the sooner we can engage the ATO on your behalf, the more options you will have.
PAYG Instalments Can Be Adjusted
If your income has dropped, you may be able to reduce your PAYG instalments so you are not overpaying tax during this period. We can review your current position and lodge a variation on your behalf.
Reduced ATO Enforcement (for now)
The ATO is taking a softer approach in affected industries, including fewer compliance actions and possible pauses on some debt recovery activity. This is a temporary window — not a permanent change — so use it wisely to reset your position.
Lodgements Still Matter
You still need to lodge your BAS, IAS and tax returns on time, and stay in contact with us if you are having trouble. Keeping your lodgements up to date protects your eligibility for ATO support and helps avoid further penalties down the track.
Important: Relief Is Not Automatic
This is the part many business owners miss. The ATO relief is not automatic and it does not cancel any existing tax debts — it simply gives you more time and flexibility to manage your obligations. You (or your BAS agent) need to engage the ATO directly to access these measures.
What You Should Do Now
If your business is being impacted by the fuel supply issues, call us. We can:
- Review your current cash flow and tax position
- Work with the ATO on your behalf to secure the best available support
- Adjust PAYG instalments where appropriate
- Help you stay on top of BAS, IAS and tax return lodgements
Need Help Navigating ATO Fuel Supply Relief?
If you have any questions or would like us to review your situation, the Connectt team are registered BAS agents ready to help Australian small businesses access the right support. Get in touch today and we will work with you and the ATO to find the best path forward.