The Australian Taxation Office (ATO) has issued a notice on shortfall interest charge changes for overclaimed tax offsets. --- Shortfall interest charge changes The Government announced that it will extend shortfall interest charge to repayments of overclaimed tax offsets. The amendment to the law is contained in the Future Made in Australia (Production Tax Credit and Other Measures) Act 2025. Where an assessment of an entity's tax liabilities is amended and, as a result, the amount of the tax offset for which the entity is eligible is reduced, the entity is liable to pay shortfall interest charge on the excessive...