By taxconnect on
Wednesday, May 25, 2011
Annually the ATO provide a guide as to the areas of focus they will have for the coming year. They do this to provide taxpayers the opportunity to get their affairs in order and achieve compliance.
This year's compliance program focuses on a broad community cross section. Its features include:
- use new risk filters and upgraded risk models to detect incorrect or fraudulent refund claims including business activity statement (BAS) credits
- continue an empathetic approach to taxpayers and viable businesses experiencing financial difficulty
- focus on the timely lodgment of BASs and the correct payment of employer obligations including superannuation guarantee and pay as you go withholding obligations and to ensure appropriate superannuation payments are made and claimed
- use data matching of 500 million transactions to identify non-lodgers and people who have under reported income or over claimed entitlements
- benchmark over 100 industries to deal with under reported or omitted income and cash transactions used to hide or evade tax obligations
