shopping_cart

Your shopping cart is empty

Division 7A - How to fix up a mess presentation

Published on 10 Oct 13 by VICTORIAN DIVISION, THE TAX INSTITUTE

Practitioners continue to encounter Div 7A errors and omissions, many of which are “inherited” from another tax agent.This presentation considers:

  • practical ways to deal with Div 7A errors, including applying for the Commissioner’s discretion in s 109RB
  • what are the risks if practitioners “fix up” the error but fail to notify the ATO or seek discretion unders 109RB?
  • whether taxpayers can self-correct if they miss a repayment
  • how to prevent UPEs from becoming a problem, including the more obscure Subdivs EA and EB issues that can arise where a quarantined UPE remains in existence
  • the Board of Taxation’s report of its review of Div 7Awhich was provided to the government in June 2013.

Author profile:

Author Photo - Michael PARKER
Michael PARKER
Michael is Partner at Hall & Wilcox, Lawyers. Michael's practice focuses on Capital Gains Tax, business sales, acquisitions & restructuring and business sales & acquisitions.
Current at 22 October 2007 Current at 02 November 2007 Click here to expand/collapse more articles by Michael PARKER.
 

 

This was presented at Vic 1st Annual Tax Forum .

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

Individual sessions

Sustainability of our tax system and the case for major reform

Author(s):  Roger BEALE

Materials from this session:

The trust bastion

Author(s):  Graeme HALPERIN

Materials from this session:







Reportable tax positions and active compliance developments

Author(s):  Judy MORRIS

Materials from this session:


Alternative dispute resolution

Author(s):  Terry MURPHY,  Judy SULLIVAN

Materials from this session:

When the tax man comes knocking

Author(s):  Ross BURNS

Materials from this session:

Division 7A - How to fix up a mess

Author(s):  Michael PARKER

Materials from this session:

Evidence: Defending you position

Author(s):  Daniel McINERNEY

Materials from this session:

M&A tax update

Author(s):  Paul ABBEY

Materials from this session:






Transfer pricing - The new landscape

Author(s):  Cameron Smith

Materials from this session:


Part IVA - The new framework

Author(s):  Sue WILLIAMSON

Materials from this session:

Further details about this event:

 

Copyright Statement
click to expand/collapse