01 Apr 10 National Tax Liaison Group (NTLG)Taxation Institute President David Williams FTIA, Vice-President Peter Murray FTIA and I attended the ATO's National Tax Liaison Group, which had its first quarterly meeting for 2010 on Wednesday 31 March 2010. The NTLG is chaired by the Commissioner of Taxation and is the peak consultative forum created to focus on topics of strategic importance to the administration of the tax system. Membership of the NTLG includes senior members of the ATO, representatives of major tax, law and accounting professional associations as well as a representative from the Treasury.
Agenda items for the meeting included:
- Unpaid present entitlements;
- Employee share schemes;
- TFN withholding on distributions from closely held trust;
- Change program; and
- Tax Agent Services Regime.