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Each year, the ATO's Compliance Program sets out:
The Federal Commissioner for Taxation released the 2008/2009 Compliance Program on 13 August 2008.
This year the ATO:
The ATO's headline issues in 2008/2009 are:
For individuals the ATO will focus on:
For enterprises turning over less than $2 million, the ATO will focus on:
For enterprises turning over between $2 million and $250 million, the ATO will focus on:
For enterprises turning over more than $250 million, the ATO will focus on:
The ATO states that in 2008/2009 it will continue to improve tax administration to reduce compliance costs and enhance the ATO's service and advice to tax practitioners.
As part of its program concerning SMSFs, the ATO will pilot an electronic auditor tool with SMSF auditors and will conduct approximately 900 reviews and audits of approved SMSF auditors.
Once again, the ATO will focus on tackling cross-border tax crime, including through Project Wickenby. The ATO has formed new partnerships with law enforcement agencies and foreign tax agencies and will continue to work with these partners to investigate serious breaches of the tax system.
The ATO also intends:
If you have any questions about the ATO Compliance Program or would like advice concerning yours or your clients' tax compliance, contact Maddocks on (03) 9288 0555 and ask for the Cleardocs Help Desk: they will put you through to the relevant Tax and Revenue or Tax Disputes Team member.
Qualifications: BA (Philosophy), Monash University, JD (Juris Doctor), University of Melbourne
Jack is a member of Maddocks Commercial team. He advises a range of corporate and private clients on:
Jack acts for clients on both buy-side and sell-side and specialises in founder-owned businesses and Australian subsidiaries of multi-national companies. He works across a number of sectors including information technology, professional services, and property development and management including land lease.
Jack’s structuring work includes assisting multinationals to structure Australian operations, listed companies to achieve regulatory compliance / optimisation and providing general tax structuring. He has also represented clients in tax controversies including before the General Anti-Avoidance Review Panel (GAAR Panel) and the Federal Court of Australia.
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