03 Sep 10 How about ATO updates on the updates?MEMBER 271 writes:
"The ATO have just issued an updated 'Guide to the TFN withholding for closely held trusts' dated 31 August 2010. This follows the original version issued on 11 August 2010.
So that we don't have to spend time re-reading the entire guide again - can the ATO mark-up these types of documents so we can quickly scan for the changes like they do for tax rulings?"
TAXVINE COMMENT: As a publication whose main aim is to keep Members up to date with developments in the tax area, TAXVINE wholeheartedly endorses Member 271's comments. Whether there has been a major change or a minor change, taxpayers and their advisers need to know - at the moment, changes just slip under the radar and taxpayers are left exposed because no one knows if and when a change (particularly a major change) has occurred.