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Does the ATO think your client is too risky?


In 2013, the Inspector-General of Taxation recommended that guidelines should address “the governance, inputs and transparencies of the ATO’s risk assessment process as well as related communication with taxpayers and the proportionality of resulting ATO compliance action to detected risks”. The ATO has been taking a fresh look at its compliance approaches through its “reinvention program”. The ATO’s reinvention has refocused its taxpayer segment from small-to-medium enterprises to private groups. This signals a number of significant shifts which allow the ATO to appreciate the structures and legal frameworks that are used by private groups, to recognise that private groups have different governance and reporting requirements, and to more effectively tailor its approaches based on choices, behaviours, circumstances and levels of certainty in recognising the needs of private groups. This article addresses risk and compliance issues for privately owned and wealthy groups, and examines how attitudes within the ATO, the tax profession and taxpayers generally are changing.

Author profile

Adrian Abbott CTA
Adrian is a consultant to Crowe Horwath, who brings 35 years of experience in accounting, tax and business management to his client base. He has focused on high net worth reviews and benchmarking. Adrian works in conjunction with the ATO on alternative dispute resolutions. Adrian is on the Institute's dispute resolutions committee. - Current at 20 September 2016
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