Federal government to fund surcharge costs to delay ATO credit card payment ban after business backlash

In short:

The Australian Taxation Office is expected to delay the implementation of its controversial credit card ban for up to a year.

Treasurer Jim Chalmers will soon announce the government will cover the cost of the delay.

What's next?

The tax office had justified the move by saying it would cost $200 million a year to absorb the fees.