Category: Uncategorized
Late returns
During December 2011, the ATO issued default assessment warning letters to a number of taxpayers with overdue income tax returns. These have been sent where the ATO has evidence that these taxpayers have received taxable income in years that taxation returns have not been lodged. These letters are titled ‘default assessment warning’ and are part...
Tax Focus – GST Debt
Taxpayers that are finding it difficult to meet their GST obligations on time should be contacting the ATO as early as possible. The ATO are in the process of conducting a range of activities aimed at addressing debt including: • focusing on taxpayers who have a GST debt that is older than two years; • ...
