By taxconnect on
Tuesday, June 28, 2011
The Tax Office have relaeased on their website the following details in relation to the preparation of income tax returns. If you require electronic lodgement of your tax return for a speedy refund, please contact us.
From the ATO "In line with our service standards, we plan to process 94% of individual electronic returns within 14 days. Our experience shows that most of the remainder are processed within 30 days. Returns lodged on paper do take longer to process, however we plan to process 80% of these within 42 days.
It is important to note that some income tax returns will take longer to process. For example returns where:
- we require more information from you or need to cross-check information with Centrelink (for example if you have received family tax benefits) or the Child Support Agency
- items on the return need to be manually checked by a tax officer (for example if the name and address on your return does not match our records), or
- the return is identified as being potentially fraudulent or includes overstated claims"
