Preparation for Tax Time 2010

Preparation  for Tax Time 2010 by the ATO is nearly complete.

David Butlet, Second Commissioner for the ATO, says  "We receive over 16 million income tax returns from individuals, funds, companies, trusts and partnerships each year. In total, we manage around 40 million forms, 12 million phone calls and four million incoming correspondence items on an annual basis.

"Until recently we have been working with an income tax processing system that was over 30-years-old and in need of replacement. This was our largest ever IT overhaul."

On 2 March 2010, the ATO said "From now on we are back to our normal processing service standards".

For details of the changes to income tax assessments see this post: Changes to Notice of Assessment Taxtime 2010.





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