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The ATO has published its "Compliance in focus 2013-14" document. It sets out what the ATO is doing to manage the risks to and maintain the integrity of Australia’s taxation and superannuation systems for the next 12 months.

It has previously published these annual programs of work as its compliance program for the year, which are now replaced by the new format.

In 2013–14 the ATO will focus its compliance activities for individuals on:

  • individuals who fail to declare income or make incorrect claims for deductions and benefits
  • the tax risks associated with the use of complex business structures
  • correct reporting of taxable income by wealthy individuals
  • participation in tax planning schemes.

In 2013–14 the ATO will focus its compliance activities for employers on:

  • reporting of PAYG withholding
  • identifying and correctly reporting fringe benefits provided to employees.

In 2013–14 the ATO will focus our compliance activities on companies that engage in practices designed to shift profits offshore or avoid tax obligations.

In addition the ATO will continue its compliance efforts in the following areas:

  • fraudulent phoenix activity
  • inappropriate consolidation outcomes
  • offshore banking units
  • exploration expenditure claims
  • resource rent taxes
  • research and development
  • use of the Reportable tax position schedule
  • fuel tax credits
  • private company schemes
  • wine equalisation tax (WET) producer rebate
  • 'taxable payments' reporting in the building and construction industry
  • small business: cash economy
  • small business: benchmarks.

The ATO also says that tax professionals' business practices, standards and behaviour are critical to the tax system operating effectively. In 2013–14 the ATO will focus its compliance activities on practice management and risk differentiation.

In media release No 2013/17, issued 16 July 2013, Second Commissioner Bruce Quigley commented on the Compliance in focus 2013 program. He said that profit shifting, tax crime and misuse of trusts are key areas of focus for the ATO this year while providing more contemporary services to help people with their tax and super affairs.

For more Compliance in focus 2013 highlights, go here


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