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31 Aug 12 On keeping SMEs in the dark about their risk categorisation

MEMBER 179 writes:

"The ATO has just released its fabulous new tax compliance approach for SMEs. I quote from it: 'From an income tax perspective we categorise all taxpayers in the SME market into one of four risk categories. Each category represents a tax-risk profile which guides our review strategy. The risk differentiation principles also guide our interactions relating to GST and excise.'

I can find no indication of when (or if) SMEs will be informed of their risk differentiation framework (RDF) categorisation. Why was there such a fuss about informing large taxpayers of their categorisation, but it seems that SMEs can be kept in the dark?"

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