27 Jun 1313 On the 85% rule
MEMBER 128 writes:
“Can somebody please explain to me how we overworked Tax Agents ever got stuck with the 85% lodgment rule starting July 1, 2013? Can somebody also explain to me, given the important nature of the change, why no professional body asked its members what they thought of this change? Finally, I may have missed it, but what position did the Tax Institute take with the ATO in respect of this change?
Maybe some very stern action against unreasonableness in the Tax Industry is now required.”
THE TAX INSTITUTE’S TAX COUNSEL, STEPHANIE CAREDES, COMMENTS:
“The Tax Institute was actively involved in consultation with the ATO and other industry representatives to ensure the best possible outcome for tax practitioners in the design of the new Lodgment Program Framework. We received much feedback from many members during the consultation and design process. All concerns from members that were notified to us were fed into the consultation and design process. Continuing concerns with the Framework can be provided to us at email@example.com.”