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18 Feb 11 On narrations in Income Tax Statements of Account

MEMBER 21 writes:

"Could the ATO please change narrations on Statements of Account so that the items of Debit and Credit are correctly identified.

Interest paid by the ATO ($1.08) on 15 February 2011 in respect of a Tax Return lodged on 16 December 2010 is NOT 'Interest on overpayment for Income Tax'.

Clients just keep coming back asking when did they overpay their tax - please identify it as 'Interest paid in relation to our delay in processing your return lodged on 16 December 2010'.

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