Large business and tax compliance publication

Mutual expectations during compliance activities

Both parties will seek to:

• have ongoing, open and frank discussions and agree on a case plan upfront
• participate in meetings to identify any issues that could delay or disrupt the process and agree on contingencies
• agree on realistic timeframes
• provide relevant information about processes as well as facts and evidence in a timely manner
• clarify issues as they arise so that they can be resolved efficiently
• provide prompt and ongoing access to key personnel and escalation points
• undertake genuine efforts to resolve disagreements, including consideration of dispute resolution processes, see Resolving disputes
• recognise that sometimes we may have to agree to disagree
• agree upfront on how to handle relevant documents covered by legal professional privilege, accountants' concession or corporate board documents on tax compliance risk - refer to PS LA 2004/14 Access to 'corporate board documents on tax compliance risks'.

Sections within Active compliance approaches

• Our typical processes for addressing tax risks and issues
• Assurance and indirect taxes
• Risk reviews
• Audit
• Mutual expectations during compliance activities
• Escalating issues
• Understanding your business
• Gathering information
• Informal approaches
• Formal approaches
• Determining our position
• General Anti-Avoidance Rules Panel
• Assessment and amendment periods
• Penalties and interest