One of the stated tax return processing aims for the Australian Taxation Office is to handle 94 per cent of electronically-submitted returns within 14 days. What figure did it ultimately achieve this year between July and October? 93 per cent. More »
We’ve passed the October 31 for submitting your 2010-2011 tax return, so there won’t be too many more updates from the Australian Taxation Office on how quickly it is processing returns. As of November 2, 8.988 million returns had been submitted, and 6.884 million had resulted in a refund. More »
Monday is the last day to submit your 2010-2011 tax return if you’re doing it yourself, which means we’ll probably only see one or two more updates from the Australian Taxation Office (ATO) on its processing. In its latest missive, which covers submissions up to October 26, the average refund figure remains in the same area it has been for a while: $2428.42, with a total refund pool of more than $16 billion. More »
We didn’t the average refund from the ATO in our last processing update, so let’s have a gander at the newest numbers. As of October 5, the ATO had received 7.276 million returns, finalised 6.708 million of them, and issued 5.782 million refunds with a total value of $13.88 billion. More »
The ATO’s latest update on tax return processing confirms that it’s continuing to meet its target of processing 94 per cent of electronically-submitted returns within 14 days. As of September 21, it had received 6.49 million 2010-2011 returns, finalised 5.886 million, and issued 5.149 million returns with a total value of $12.29 billion dollars. That works out to an average return of $2387. More »
In its latest update on refund processing, the ATO says in August hit its target of processing 94 per cent of electronically submitted returns within 14 days. We already knew that it hadn’t quite met that goal in July, but the process seems to be back on track. Which is, of course, not much help if you happen to be in the other 6 per cent. [ATO]
The ATO isn’t quite giving us weekly updates on how refund processing is going, but not much seems to have changed since last time. For the current year, 5.57 million returns have been received, 4.87 million have been finalised, and 4.33 million have received refunds. The total refund pool is $10.24 billion, which means the average is $2366. Don’t spend it all at once. [ATO]
Since our last look at the current state of tax refund processing, things don’t seem to have changed much. The ATO has now received 4.68 million returns, finalised 3.84 million and given 3.46 million refunds with a total value of $8.15 billion. That means 90 per cent of us are getting a refund, with an average amount of $2353. More »
We’ve been tracking the Australian Taxation Office’s progress in processing tax returns for quite a while now. While it has been interesting to see the size of the average refund fluctuate, we’ve been waiting for evidence of whether the ATO would meet its goal of processing 94% of electronically-submitted returns within 14 days. In its latest update, it confirms that this hasn’t happened, but the results aren’t very far off the mark. More »
