Published on 01 Feb 19
by THE TAX INSTITUTE
The Tax Institute welcomes the opportunity to make a submission to the Australian Taxation Office in relation to the Draft Miscellaneous Taxation Ruling MT 2018/D1 Miscellaneous Tax: time limits for claiming an input tax or fuel tax credit (Draft Ruling).
The Tax Institute strongly recommends adopting the ‘Alternative view’, rather than the view adopted by the Commissioner in the Draft Ruling. The view adopted in the Draft Ruling leads to arbitrary and unfair outcomes, and perversely encourages taxpayers to adopt aggressive input tax credit claims in order to protect their entitlements.
The Tax Institute is Australia's leading professional association and educator in tax, with offices in most major cities. Focusing solely on tax, the Institute provides the best resources, education and networks. Our mission is to equip tax professionals with everything they need to demonstrate the highest level of expertise and increase the advancement of public knowledge and understanding.
We are also committed to propelling members into the future and onto the global stage with the introduction of the Chartered Tax Adviser designation.