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Is GST still an issue? If so, why?

Published on 09 Nov 2010 | Took place at Radisson Plaza Sydney, Sydney, NSW

GST is just not a matter of set and forget. Nor is it just a matter of 10% in and out.

The ATO has recently declared that it will significantly ramp up its compliance activities in the GST space. Funnily enough, this happened to coincide with GST’s 10th Birthday and the receipt of additional funding of $337.5 million to increase and improve GST compliance activities over the 2010/11 to 2013/14 income years.

The main area that the ATO will be targeting as part of this compliance program is the SME market.

This event included the following with case studies/examples:

  • GST audits and reviews
  • areas of concern for the ATO.

This event was also held in Parramatta on the 4th of November.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Tax update

Author(s):  Jo-anne HOTSTON This presentation covers:

  • TLA (2010 Measures No 4) Bill 2010
  • Tax Laws Amendment (Confidentiality of Taxpayer Information) Bill 2010
  • TLA (Research & Development) Bill 2010
  • Family Assistance Legislation Amendment (Child Care Budget Measures) Bill 2010
  • PSLA 2010/4 - UPEs and Div 7A
  • Travelex v C of T - GST and sale of foreign currency
  • FCT v American Express - GST and credit card default fees.
Materials from this session:

Is GST still an issue? If so, why?

Author(s):  Katerina Siamatas This presentation covers:

  • GST reviews and audits
  • areas of concern for the ATO
    • application of the margin scheme
    • supplies of going concerns
    • changes in the extent of creditable purpose
    • financial supplies
    • cross border transactions - inbound and outbound
  • common GST mistakes/areas of risk (per ATO)
  • governance and risk management.
Materials from this session: