The Australian Taxation Office (ATO) has published updated guidance for interest on early payments.
---
Interest on early payments
Interest on early payments (IEP) is interest we pay when you make a payment towards certain tax liabilities more than 14 days before the due date. Interest you receive on early payments is assessable income, so you need to include it in your tax return.
Payments eligible for IEP
You may receive IEP when you make payments towards any of the following liabil…