04 Aug 11 ATO warns: honesty is the best policy when claiming your tax refund
In media release No 2011/42 issued 3 August 2011, the Commissioner, Michael D'Ascenzo, warned the community that if they are trying to defraud or overstate their refund claims this tax time then they are likely to be caught.
The warning follows a sharp increase in the number of potentially suspicious tax returns that have already been detected by the ATO.
Mr D'Ascenzo said that 40,000 suspect tax returns have already been stopped by the ATO, involving $150 million in possible suspect tax refunds.
"We are only a month into tax time and we have already noticed an increase of these type of claims compared to this time last year," Mr D'Ascenzo said.