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02 Apr 09 2 Taxpayer alerts on WET issued

On 1 April 2009, the ATO issued the following 2 Taxpayer Alerts:

In a media release issued the same day, the Commissioner, Michael D'Ascenzo, warned the wine industry the ATO is examining two arrangements that attempt to reduce the amount of wine equalisation tax (WET) paid, or to claim the WET producer rebate.

”We know these arrangements are in the market and are warning wine growers, producers and retailers to be cautious about entering into these arrangements as they may be ineffective under the law,” Mr D’Ascenzo said.

For a copy of the ATO media release, No 2009/24, go here.

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