17 Sep 1212 Tax agent update on Tax Time 2012
For the ATO's Tax agent update on Tax Time 2012, go here
For the ATO's Progress report No10 containing the latest lodgment figures as at close of business 17 September 2012, go here
In media release No 2012/43, issued 19 September 2012, the ATO advises that it has already stopped 58,000 income tax returns containing suspected over claimed or fraudulent refunds.
"Each year our ability to match data gets better, making it more likely people will be identified if they leave anything out or incorrectly report items on their tax return," the Commissioner, Michael D'Ascenzo, said.
"Last year, we wrote to 540,000 taxpayers about discrepancies in the information they reported on their tax returns. This led to 90% of these returns being amended and we raised $915 million in revenue as a result," said Mr D'Ascenzo.