ATO has started reviewing existing Australian Business Numbers (ABNs), to identify potentially inactive ABNs for cancellation.
Your ABN may be selected if you haven’t reported business activity in your tax return or there are no other signs of business activity in other lodgments or third-party information.
If ATO identify your ABN for cancellation, they write to you. If you still require your ABN the letter will tell you exactly what you need to do to stop cancellation.
ATO cancel inactive ABNs to make sure information on the Australian Business Register (ABR) is correct. Emergency services and government agencies use this information during natural disasters and to identify where financial disaster relief is needed to help businesses.
If your ABN is cancelled and you need it later:
you can reapply for the same ABN if your business structure is the same
you’ll get a different ABN if your business structure is different, for example you were a sole trader but you’re now a company.
If ATO cancels your ABN and you disagree with their decision, contact us and we’ll try to resolve the issue.
Remember, we are here to help you with your tax. Contact us on 0481 953 556 or email us at firstname.lastname@example.org to find out more.
Source: ato.gov.au.2021. Is your ABN current?. Link available here.