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05 Dec 14 More on taking tax refunds to pay BAS

MEMBER 197 writes:

"Re ATO taking taxpayers' refunds to pay for ICA prior to them being due - see 2014 TAXVINE No 44 (28 November 2014).

Regardless of the ATO's excuse that the Taxation Administration Act 1953 (61 years ago) “allows the Commissioner to apply credits to current or anticipated debts, that are not yet due and payable”, they are still dispersing moneys held in trust. If this is not illegal, it bloody well should be. We as accountants cannot disperse moneys held in trust without prior written approval from our client, we appear to have two rules, one for the ATO and one for the rest of us.

This needs fixing as it is not fair or right."