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.
Paul is a Senior Associate in the Maddocks Commercial team with particular expertise in commercial agreements for the supply of goods and/or services, the Personal Property Securities Act 2009, the National Consumer Credit Protection Act 2009 and the National Credit Code and the Australian Consumer Law.
Paul's key areas of practice include:
Before joining Maddocks, Paul was employed for 13 years with the Victorian Department of Justice, principally as a Deputy Registrar in the Victorian Magistrate's Court, but also as a legislation, policy and project officer for the Department.
The legal information and commentary on this site is general only. Documents ordered through Cleardocs affect the user's legal rights and liabilities. To assess their suitability for the user, legal accounting and financial advice must be obtained.
For more information, contact Maddocks on (03) 9258 3555 and ask to speak to a member of their team.