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19 Jul 2012 Compliance program 2012-13

The ATO has published its Compliance program for 2012-13.

Over the coming year, the ATO says it will focus on the following compliance risks for individuals:

  • incorrect or fraudulent refunds from over-claiming and deliberate fraud
  • review of work-related expenses for occupations with high levels of claims
  • people getting caught up in tax avoidance schemes
  • omitted income, including dividends and interest.

It will focus on the following compliance risks for micro enterprises:

  • unrecorded and unreported cash transactions employer obligations
  • GST refund integrity and GST evasion
  • ensuring businesses are correctly registered in the tax system
  • supporting businesses in meeting their lodgment obligations
  • incorrect fuel tax credit claims following implementation of the clean energy measure.

It will focus on the following compliance risks for small-to-medium enterprises (SMEs) with an annual turnover of between $2 million and $250 million:

  • participation of wealthy individuals in the tax and superannuation systems
  • use of trusts to inappropriately minimise tax
  • Division 7A – treatment of private company profits
  • capital gains – non-disclosure and incorrect reporting
  • employer compliance with fringe benefits tax rules
  • integrity of business systems for GST and excise obligations
  • GST and property transactions.

For more information and a copy of the ATO's Compliance program for 2012-13, go here


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