Posts Tagged: director penalty notice
DPNs – The ATO can collect the same ‘debt’ from many people
The ATO can issue director penalty notices (DPNs) to directors of a company, where that company has unpaid: Pay as You Go withholding (i.e. the tax component of staff wages)Superannuation Guarantee Charge (i.e. the super component of staff wages)Goods and Services Tax (only for GST owed due from the quarter starting 1 April 2020 ...
Types of Director Penalty Notices (DPNs)
A director penalty notice (DPN) is a notice that the ATO can issue to a director of a company that has unpaid debts. There are two types of DPNs – a standard DPN, or a ‘lockdown’ DPN. A DPN can make the director personally liable for unpaid PAYG withholding tax, a superannuation guarantee charge ...
5 ways the ATO collects tax debts from a company
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How does the ATO collect tax debts?
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Director penalty notice – personal responsibility for company tax
The ATO can issue a director penalty notice (DPN) to directors of a company that does not pay its Pay as You Go withholding (i.e. the tax component of staff wages) or Superannuation Guarantee Charge (i.e. the super component of staff wages). A director penalty notice warns a director that they are personally liable ...
How does the ATO collect tax debts?
Remember when you were young and you would ask your parents why you had to do something? Was their typical response 'because I said so'? Well, tax debts are a little bit like that. If the ATO tell you that you owe them an amount, then guess what? You owe them the amount, 'because ...