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14 Nov 11 Cash economy letter program 2011-12

The ATO advises that in 2011-12, it will be sending letters to registered tax agents identified as having a high number of clients reporting outside the small business benchmarks. The ATO will include a list of the clients, so their tax agents can discuss this with them.

The program includes writing to plasterers and coffee shop operators as part of the ATO's approach to improve compliance across these industries.

The 2011-12 letter program consists of the following two types of letters:

  • Help and educate letters, to provide taxpayers with details about their tax performance, and links to specific information and tools to help them to comply. For example, letters the ATO sends to taxpayers who we think may require some assistance with their business and who show a risk of not reporting all their income, or who may be reporting outside of the benchmark norm for their industry.
  • Compliance letters, to provide taxpayers with an opportunity to review their information and to let the ATO know more about their personal circumstances or make a voluntary disclosure. For example, letters the ATO sends to taxpayers identified by the ATO's data matching program as having purchased a vehicle, although they have not reported an income that would suggest they can afford to do so.

 


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