06 Jun 2019 Millions in revenue recouped and asset risks reduced in strategy targeting agent obligations
On 3 June 2019, Chair of the Tax Practitioners Board (TPB), Mr Ian Klug AM, welcomed progress in improving compliance by tax practitioners, with the latest figures showing millions of dollars in revenue have been recouped and retirement savings at risk reduced.
Last year, in collaboration with the ATO, the TPB commenced action on thousands of tax practitioners who had fallen behind in their own tax obligations.
Mr Klug said the TPB has commenced 35 investigations into higher risk breaches, with a view to imposing sanctions, including termination of registration.
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