Builders get reprieve as ATO postpones credit card ban
The federal government has delayed the ATO's proposed ban on credit card payments. Builders, tradies and suppliers get more time while a longer-term solution is developed.
Has the ATO credit card payment ban been delayed for builders and tradies?
Builders, tradies and suppliers can keep using credit cards for payments for now. This protects cash flow and payment timing while a permanent fix is worked out.
Key takeaways
- The federal government has delayed the ATO's proposed ban on credit card payments.
- Builders, tradies and suppliers get breathing space under the delay.
- A longer-term solution is still being developed, so the issue is not resolved.
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Come walk a day in the shoes of small business
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Government provides breathing space for builders and tradies on ATO credit card ban
The Federal Government has agreed to delay the ATO's proposed ban on credit card payments for tax debts. The Housing Industry Association welcomed the move, which gives builders and tradies more time to prepare.
Why it matters: Builders and tradies who pay ATO bills by credit card keep that option for now. This gives them time to adjust cash flow and find other ways to pay tax obligations.