There are currently close to 100 serious criminal tax offence matters before the courts
across the country. This is a result of government agencies working together to
catch tax offenders and bring them to justice.
Serious fraud offences that go before the courts include use of falsified invoices
to claim deductions not entitled to, GST refund fraud, excise fraud (alcohol and
fuel tax credit fraud), identity crime with suspected links to overseas organised
crime groups, and income tax refund fraud.
People who are unclear of their tax or superannuation obligations, or are struggling
to meet their obligations, should contact the ATO on 13 28 61 to discuss their
situation. If you believe someone is doing the wrong thing, you can report suspected
tax fraud by calling the ATO on 1800 060 062.
The ATO now has a prosecution list on their website demonstrating some of the serious criminal tax convictions.
Lodging tax file number (TFN) declaration data electronically
Lodging online is a quick, secure way to meet your reporting obligations, and has the
- reducing your paperwork (there is no need to send forms to us)
- eliminating the possibility of loss or damage to your paper documents sent by mail
- allowing you to lodge reports after hours
- ensuring you complete all reports correctly (using inbuilt checks)
- providing you with an online confirmation of your lodgment.
If you lodge your reporting obligations electronically, you can now accept a payees'
electronic signature on an electronic TFN declaration form.
Click here for more information.
R&D tax incentive
The ATO is working closely with AusIndustry to identify taxpayers involved in aggressive
Research and Development (R&D) tax incentive arrangements which may include
tax avoidance and fraud. The ATO is concerned businesses and tax agents are following
R&D consultant advice without substantiation of expenditure or objectively
assessing the advice.
Click here for more information.
ATO provides advice on taxi travel services through ride-sourcing
The ATO has released advice on the tax consequences of a range of collaborative consumption
activities, including taxi travel through ride-sourcing (also known as ride-sharing
or ride-hailing), provided as part of the ‘sharing economy’.
The ATO has confirmed that people who provide ride-sourcing services are providing
‘taxi travel’ under the GST law. The existing tax law applies and so drivers are
required to register for GST regardless of their turnover.
Recognising that some taxpayers may need to take some corrective actions, the ATO is
allowing drivers until 1 August 2015 to get an ABN and register for GST.
For more detailed information on the sharing economy and tax requirements for ride-sourcing,
visit the ATO website.
Did you lodge your own 2014 income tax return?
If you lodged your own 2014 income tax return you may have inadvertently over-claimed
some deductions for new assets or motor vehicles.
Your deductions could have been affected by law changes from 1 January 2014 that:
- reduced the instant asset write-off limit from $6,500 to $1,000
- removed the accelerated initial deduction for motor vehicles.
If you need to adjust your return you still have until 30 June 2015 to lodge an amendment
and avoid penalties.
Amendments lodged after 30 June 2015 may attract shortfall interest and penalty charges.