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14 Aug 08 Compliance program 2008-09

In a media release issued on Wednesday 13 August 2008, the Commissioner, Michael D’Ascenzo, announced the release of the ATO's Compliance program 2008-09. Mr D'Ascenzo said that the ATO "will focus on income tax, tax havens, dodgy tax schemes, wealthy individuals, large business and the cash economy in the coming year".

In relation to individuals, priorities for the coming year are said to include:

  • a focus on capital gains from the sale of property, shares and other assets
  • expanding the review of the compliance activities of senior executives and directors
  • monitoring work-related expense claims, particularly out-of-pattern claims for self-education, car and travel expenses
  • examining returns that reflect a pattern of poor knowledge and practice by tax agents.
In relation to small to medium enterprises, priorities for the coming year are said to include:

  • increasing the focus on income tax compliance, particularly for those enterprises with turnovers between $100 million and $250 million
  • increasing the monitoring of high wealth individuals
  • communicating new fuel tax credits measures to eligible businesses.
In relation to tax practitioners, priorities for the coming year are said to include:

  • continuing to improve tax administration to reduce compliance costs
  • enhancing service and advice to tax practitioners
  • investigating claims of illegal or improper practices by tax agents to achieve greater assurance and integrity.
For a copy of the ATO media release, No 2008/42, 13 August 2008, go here

For a copy of the Compliance program 2008-09, go here

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