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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 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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