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Review of aspects of income tax self-assessment - an overview presentation

Published on 28 Mar 06 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

This presentation gives a brief background to the Review of Self Assessment and looks at some of the newly enacted changes effective 1 January 2006. It covers a number of specific recommendations and what the Australian Taxation Office is doing to implement the recommendations.

In particular the following is discussed:

  • improving certainty for taxpayers by:
    • implementing new rules for provision of Tax Office advice (ie. expansion of private binding rulings)
    • reducing the periods allowed for the Tax Office to increase a taxpayer's liability
  • mitigating the interest and penalty consequences of taxpayer errors
  • future improvements.

The presentation addresses how these issues will impact on your small business clients and how to prepare your clients for the changes.

Author profile:

Erc PERPICELLI
Erc is a Senior Technical Adviser, Small Business Income Tax with the Australian Taxation Office.
Current at 28 March 2006

 
Individual sessions

Review of aspects of income tax self-assessment - an overview

Author(s):  Erc PERPICELLI

Materials from this session:

Tax Update - March 2006

Author(s):  Ben WILSON

Materials from this session:

Further details about this event:

 

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