Compliance program 2011-12

Lodgment compliance

We will continue to focus on lodgment compliance within private groups, including wealthy Australians and highly wealthy individuals. We will use data matching and risk profiling to identify companies, superannuation funds, trusts, partnerships and controlling individuals that appear to be using non-lodgment or partial lodgment as a means of circumventing our compliance programs. We will be contacting higher risk taxpayers and where appropriate refer for prosecution those who have not complied.

This work will focus on:

• using external data matching, such as AUSTRAC and property and share databases, to identify entities conducting significant business transactions
• industries and sectors with higher rates of non-lodgment and late lodgment, such as property, building and construction, mining and financial and insurance services.

Sections within Small-to-medium enterprises

• Private groups
• Highly wealthy individuals
• Wealthy Australians
• $100 million - $250 million segment
• Employer obligations
• Lodgment compliance
• Trusts
• Phoenix arrangements
• Overseas interests and international dealings
• Division 7A
• Capital gains tax
• Foreign residents
• Capital and revenue losses
• Restructuring by professional firms
• Fringe benefits tax
• Taxation of financial arrangements (TOFA)
• Small business and general business tax break
• Goods and services tax (GST)
• Refund integrity
• Property
• Retirement villages
• Integrity of business systems
• Financial supplies
• International and cross-border transactions
• GST serious evasion
• Excise
• Excise equivalent goods
• Tax reporting of exports including excisable goods
• Wine equalisation tax
• Alternative fuels
• Superannuation
• Managing business tax debt