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18 Jul 14 ATO Tax Practitioner Advisory Group

On Tuesday 15 July 2014, Tax Counsel Thilini Wickramasuriya ATI attended a meeting of the ATO Tax Practitioner Advisory Group to discuss issues arising during Tax Time 2014. There were few issues arising at this early stage. The ATO noted that the Tax Agent Portal experienced some unavailability from 3:30pm on Monday 16 July 2014 but the issue was resolved that night. Notices of Assessment are being issued to taxpayers who have already lodged their 2014 income tax return along with their Tax Receipt. The Tax Receipt is a new initiative introduced by the Government this year which will illustrate how they will be spending tax revenue. The ATO is closely monitoring feedback on this new initiative.

The key messages from the meeting as circulated by the ATO should be available via the link below shortly. 

https://www.ato.gov.au/Tax-professionals/Prepare-and-lodge/Tax-Time-2014/

Members seeking further information in relation to the above or any other issues relating to Tax Time 2014 should contact us at taxpolicy@taxinstitute.com.au.