With almost 5 million returns received for the 2011-2012 financial year, the Australian Taxation Office (ATO) seems to be keeping on top of them. As of Monday, 85 per cent of returns received had been finalised.
According to the latest ATO update, 4,982,000 returns have been submitted, 4,252,000 have been finalised, and 3,775,000 have received a return. That still means more than 700,000 returns have been held up. The average return size is largely unchanged from last week, at $2222.52.
You can check out our full Tax Week 2012 guide if you’re preparing your tax, and download e-tax if you’re not working through an agent or accountant.
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