The Australian Taxation Office has announced that it is automatically paying interest on early payments from March 2022.
---
We are paying interest on early payment entitlements automatically from March 2022
You are entitled to interest on early payments (IEP) when you pay certain liabilities more than 14 days before the due date.
From March 2022, we are automatically identifying, calculating and paying IEP entitlements directly into your nominated bank account. This process applies to e…