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  • Recoverable advances and payments report

    We make in excess of 12 million payments annually. There is a robust control environment in place to ensure that these payments are made correctly. However, given the complexity of tax law, the systems needed to administer it and the potential for human error it is inevitable that from time to time some incorrect payments will be issued.

    Incorrect payments become debts which are recoverable under certain provisions of the Taxation Administration Act 1953. Some incorrect payments, by their specific nature, fall under the provisions for recoverable advances or recoverable payments.

    Section 15D of the Act requires that we publish information about recoverable advances and payments. This includes advances and payments that occur in one financial year, but which are identified and reported in a later financial year. This is referred to as ‘deferred reporting’.

    The following tables fulfil those requirements.

    Recoverable advances and payments 2019–20

    Type

    2019–20

    Advances

    Incidents

    nil

    Number (clients)

    nil

    Value

    nil

    Payments

    Incidents

    110

    Number (clients)

    442

    Value

    $5,115,903

    Deferred reporting

    Type

    Reported in 2019–20

    Payments

    Number

    3

    Value

    $50,375

    The figures in the value column represent recoverable advances/payments reported in 2019–20 but which occurred in a previous financial year.

      Last modified: 28 Oct 2020QC 37262