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13 Apr 12 On ATO discrimination against small tax firms

MEMBER 85 writes:

“Why does the ATO only allow the automatic FBT return lodgment extension for tax agent practices with a large number of FBT returns? Surely sole practitioners with a small number of large complex returns should be entitled to the same concession as larger firms with lots of small FBT returns? I’m interested to hear if the TI has ever raised this with the ATO on behalf of members.”

THE TAX INSTITUTE’S TAX COUNSEL, STEPHANIE CAREDES, COMMENTS: “Since 2010, The Tax Institute strongly advocated for an extension to be granted to all tax agents who lodge FBT returns (see the minutes of the NTLG FBT meeting held on 11 November 2010). I refer you to the summary of the FBT Lodgment Program 2011-12 for the current year contained in 2012 TaxVine No 7 and note that, though the extension was not extended to all tax agents, a tax agent who has less than 25 FBT clients and who requires further time to lodge beyond the due date of 28 May 2012 is still able to request a lodgment deferral.”

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