Compliance program 2011-12

Excise equivalent goods

'Excise equivalent goods' are imported alcohol (excluding wine products subject to wine equalisation tax) tobacco and petroleum products which we manage under delegation from Australian Customs and Border Protection Services as part of overall management of excise.

This year we will conduct approximately 90 compliance activities on taxpayers in relation to excise equivalent goods. Our activities aim at addressing the following issues:

• warehouses releasing goods without the proper authority to deal
• non-existent or inadequate record keeping
• taxpayers not meeting their licence obligations
• the risk of diversion of goods from import and export.

These activities will focus on the importer, owner of goods and warehouse operators.

We will continue to work closely with the Australian Customs and Border protection Service in relation to these risks.

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