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.
Is the ATO credit card payment ban delayed, and what does it mean for tradies?
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.
Key takeaways
- The Federal Government has agreed to delay the ATO's proposed ban on credit card payments.
- The Housing Industry Association welcomed the government's intervention.
- The delay gives builders and tradies breathing space to plan their payment arrangements.
Related
ATO payment change adds mounting pressure on home builders
The Housing Industry Association wants the ATO and Federal Government to reverse a decision to stop accepting credit card payments from 30 November. HIA says the change adds financial pressure on home builders.
Why it matters: Builders and other contractors who use credit cards to manage cash flow on tax bills may lose that option. This could tighten working capital for small building businesses.
Government delays ATO credit card payment changes
The Federal Government has delayed changes to how the ATO handles credit card payments. The ATO will keep accepting credit cards for tax liabilities until the end of the 2026-27 financial year.
Why it matters: Tradies and trade businesses that pay BAS, PAYG or other tax debts by credit card can keep doing so for now, which helps with cash flow. The delay gives time to plan for the change.
HIA Victoria welcomes land tax proposals but urges broader action
HIA Victoria has acknowledged proposals from political parties to gradually lift Victoria's land tax threshold after the next election. It says easing land tax would give some relief to homeowners and investors, but wants broader action.
Why it matters: Builders and carpenters in Victoria may see more housing investment and construction demand if land tax eases. The article gives limited detail, so the effect on work volumes is uncertain.