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Ground Floor, Ethos House 28-36 Ainslie Avenue
Australian Capital Territory
The ATO continues to focus on claims for work-related expenses (which continue to climb) and will be especially focusing on workers in the following industries in the coming year:
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The ATO's Second Commissioner of Compliance, Mr Bruce Quigley recently released the Compliance in Focus Program for the current financial year.
Purchasing more than 15kg of coffee per week - the ATO is watching you...! | Boyd Ryan Pty Ltd
ATO second commissioner Bruce Quigley has warned that with increasing sources of information, people are more likely to get caught and penalised if they fail to play by the rules.
ATO Targets - Frost Crane & Co
And for the rich, the ATO's second commissioner, Bruce Quigley, says the ATO is building a profile of the lifestyles of the rich, to see if it matches what they declare in their income tax returns.
will conduct about 380 reviews of people worth more than $30 million for the 2011-12 financial year, resulting in 60 full tax audits for the "highly wealthy".
At the other end of the spectrum, the ATO's
data-matching technology will target dole cheats by cross-checking on a daily basis people with outstanding debts.
told BusinessDay that these sophisticated systems have the power to automatically cross-check millions of pieces of data to identify omissions or errors in what you've reported.
said the ATO
had identified cafes as a key area for possible evasion of taxes.
For those under suspicion, the search can be forensic: "We look at till tapes, employee records, third-party data, credit transactions and eftpos transactions," he
will also pay particular attention to deductions for work-related expenses this year.
"We are concerned the difficult times may tempt more people to inflate their claims," he
Accountants Coffs Harbour | Tax Agents | Bentley Brett & Vincent
Bruce Quigley, ATO Second Commissioner, Compliance
ATO Broadcast issued on 16 July 2013 Compliance in focus 2013-14 now available Today we have released Compliance in focus 2013-14 which replaces our previous annual compliance program booklet.
This new online product, which we developed in consultation with tax professionals, will be updated throughout the year to keep you informed of new issues and risks as they arise. Compliance in focus 2013-14 highlights the compliance risks attracting our attention and the actions we are taking to deter, detect and deal with those who do not meet their tax and superannuation responsibilities.
It is not an exhaustive list of all the compliance activities we undertake but it concentrates on our key focus areas for 2013-14 and provides a snapshot of our achievements for 2012-13. This year we will be looking closely at: profit shifting tax crime, and misuse of trusts. Other focus areas identified as risks to tax and super compliance this year include: incorrect work-related expenses claims correct reporting of taxable income by wealthy individuals correct reporting of PAYG withholding contractor arrangements participation in tax planning schemes phoenix activity in small and medium businesses payment of super guarantee by employers. A key tool in uncovering tax avoidance is our data and information matching program which is expanding this year to include higher quality data on sales of shares, property and units in managed investment trusts, and a greater range of international bank transactions. Stopping false claims and identity crime are also continuing priorities this year as we increasingly analyse and match information provided by third parties. Tax practitioners play a vital role in supporting the integrity of our tax and super systems and in influencing proper participation.
We are dedicated to continuing to work with you and support you in that role.
We have worked with the professional associations, through our peak tax practitioner consultative groups, to test the compliance risks that we have identified and sought their views on risk areas we should consider. Bruce Quigley
Second Commissioner, Compliance
653 Commonwealth, Parliamentary Debates, ...
653 Commonwealth, Parliamentary Debates, Senate, 26 July 2012, pp 53-62 (Bruce Quigley); Quigley, above n 10.
654 ATO, 'TPWG Draft Minutes (10 October 2012)', above n 637, p 4.