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  1. ATO reveals $5.2bn in GST tax gap 

    the ATO leading the way as one of the most digitalised revenue authorities in the world, according to Ms Jenkins. In the last 12 months, key ATO digital transformation milestones have positively impacted the administration of GST such as the...

  2. ATO reveals ‘very concerning’ number of misused auditor numbers

    breached the Code of Professional Conduct of the Tax Agent Services Act 2009 (TASA). “We referred five tax agents to the TPB last financial year for deliberate SAN misuse,” it said. The ATO said all SMSF auditors will get another opportunity to review...

  3. ATO retreats on contentious super issue

    up a second SMSF. The tax office has been particularly concerned about this strategy since the super reforms were enacted last year. “The ATO made some statements earlier this year about situations where clients may set up a second SMSF to circumvent...

  4. ATO responds to IGTO guidance on debt notification

    being accessible, and learning and improving. The report was issued partly in response to the ATO’s handling of on-old debts last year after it was told by the Australian National Audit Office in 2023 that it needed to review its practices concerning...

  5. ATO resolves errors in SMS alert service

    in its newly launched text message alert service for trustees that was flagged by a number of SMSF industry professionals. Last week, the new SMS alert service was mistakenly triggering alerts for SMSF trustees upon lodgement of their 2019 annual...

  6. ATO reports hundreds of thousands using online chat, social media for tax help

    chats so far this financial year. Use of social media channels has also surged for 2019’s tax time versus the same period last year. The ATO reports 19,000 posts have been directed at the ATO, with about 6,000 of those requiring a response. By...

  7. ATO reports 90% spike in scams, fraud

    In 2015 almost 87,000 phone and email scams were reported to the ATO, an increase of over 90 per cent from 2014. “In the last couple of years, not only have we seen a significant increase in the number of scams reported to us, but also the different...

  8. ATO rental property focus to keep accountants on their toes

    possible to maximise the cost base.” An increased emphasis from the ATO on the rental industry was flagged as early as late last year when the tax office’s assistant commissioner Kath Anderson spoke at the Accountants Daily Strategy Day and stated full...

  9. ATO renews focus on popular deduction

    made a commitment earlier this year to focus on 'other' work-related expenses, after $7.9 billion in claims were recorded last year between about 6.7 million Australian taxpayers. ATO assistant commissioner Kath Anderson said that the ATO's ability to...

  10. ATO reminds tax agents of new penalties approach

    The ATO has changed the way it applies penalty relief, effective 1 July this year. As advised last financial year, the ATO decided that, from 1 July 2018, it will not apply penalty to tax returns and activity statements where eligible clients have made...

  11. ATO reminds on rental property ‘hot issue’

    residential rental property that they will not be able to claim deductions for travel after new rules were introduced late last year. In November 2017, the government introduced new rules around tax deductions for travel expenses associated with...

  12. ATO releases record $573m in super on compassionate grounds

    grounds, it has also received a landmark amount in lost or unclaimed superannuation with an extra $2.1 billion added since last financial year. Deputy commissioner Emma Rosenzweig said it was a simple process to determine whether any of the lost super...

  13. ATO releases new guidelines on tax uncertainty for corporate clients

    the distribution statement to shareholders on franked dividends which is very similar to what the ATO did around this time last year with all the uncertainty as well and I guess it does provide a bit of comfort that if you have to change franking...

  14. ATO releases initial JobKeeper guidance

    business portal between 4 May and 31 May 2020. While the JobKeeper payments began on 30 March, legislation was only passed last week, and the ATO’s guidance now comes in the second fortnight period running from 13 April to 26 April. As such, the ATO...

  15. ATO releases draft rulings on Payday Super

    period." Tax professionals and other stakeholders have until 1 May to provide their feedback on each of the four rulings. Last month, ATO deputy commissioner Emma Rosenzweig said the move to Payday Super will help ensure employees receive their super...

  16. ATO releases decision impact statement on anti-avoidance decision

    Holding Pty Ltd v Commissioner of Taxation decision, which was handed down by the Federal Court of Australia in March last year. In its decision, the Federal Court determined that Part IVA did not apply to a scheme where the head of a tax consolidated...

  17. ATO reiterates tax system incentives

    the 100 businesses that have approached the ATO, with around $270 million already repaid. “Similarly, and as I mentioned last year in relation to the newer stimulus measures, please access them and use the proceeds to invest in your business. But also...

  18. ATO records jump in prosecutions, debt

    The tax office’s annual report shows there was an increase in prosecutions last financial year for individuals and companies as well as a spike in small business debts, while debt collection activities broadly took a hit during extended digital...

  19. ATO records ‘biggest 1 July ever’ with 640% spike

    two weeks of tax time has now seen 1.7 million individual tax returns lodged, a 12 per cent increase on the same period last year. The average refund amount this year stands at $2,365. “More than $1 billion will have hit 457,000 taxpayers’ bank...

  20. ATO reaps record $6.4bn from large corporates

    of tax, and has helped to collect, on average, an additional $2 billion each year from public and multinational businesses. Last financial year’s result is three times more than this.” Around $4.4 billion of last year’s result was due to the ATO’s...

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