16 May 14 More on complexity of tax returns
The ATO responds to an issue raised by MEMBER 38 in 2014 TaxVine No 11 (17 April 2014) about the complexity of income tax returns, and the trust tax return in particular.
“The observations regarding the complexity in completing the trust tax return are well noted.
We are currently looking at ways to simplify interactions with us. This includes examining whether business tax returns; including the trust tax return and instructions can be tailored to match contemporary needs and expectations. When examining opportunities for simplification, we need to ensure the form and instructions conform to this complex area of law.
The member is correct about trust tax return instructions only being available online. In December 2013, we implemented printer friendly web pages in consultation with members of professional associations. This now allows you to print web content with page numbers.”