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Schemes and penalties: Not always hand in hand

Published on 01 Jun 08 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

This article examines the difference in application between the old scheme penalty provisions and the new scheme penalty provisions and looks at the importance a taxpayer’s subjective intent has when determining whether to apply a penalty in relation to a scheme.

Author profiles:

Craig Jackson CTA
Craig is a Partner at EY with over 25 years' experience in advising leading domestic and multinational corporations on the management and resolution of ATO Active Compliance Processes including complex tax risk reviews (including PCRs), tax audits and disputes. Craig specialises in corporate tax, Part IVA, partnership and service trusts and has a wide client base across the entertainment and media; information technology; distribution; finance and gaming industries. Craig is involved in consultation with the ATO in relation to a range of active compliance related initiatives. Current at 08 July 2014 Click here to expand/collapse more articles by Craig JACKSON.
 
Timothy Dalton
Tim is a Senior Consultant, Tax Controversy, with Ernst & Young. Current at 01 June 2008 Click here to expand/collapse more articles by Timothy DALTON.
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