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Compliance program 2008-09

 
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Warning: This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

Snapshot of our 2007-08 activities

Small to medium enterprises

Income tax2

  • We completed 570 audits, 480 reviews and 1,780 phone and letter-based verification activities. As a result, we raised liabilities of $370 million and disallowed current year and carried forward losses of $740 million.
  • We completed 27 audits and 440 reviews of highly wealthy individuals. As a result, we raised liabilities of $339 milllion.

Excise

  • We commenced an education campaign to inform businesses of their entitlement under the expanded fuel tax credits scheme.
  • We reviewed early payment claims prior to the closure of the transitional scheme.
  • We conducted 180 audits and reviews of recipients of fuel tax credits and grants. We also conducted 170 internal reviews. These activities raised net liabilities of $11.7 million.

GST

  • We raised net GST liabilities of $266.7 million as a result of 30,000 reviews and audits conducted. Of these, 700 related to property risks and raised liabilities of $47.9 million.

Lodgment

  • We sent letters to 15,300 businesses with outstanding lodgment obligations, raising $56.3 million in net liabilities.
  • We phoned 9,500 businesses with outstanding lodgment obligations, raising $514.9 million in net liabilities.

Superannuation

  • We acted on 3,200 employee complaints about employers' superannuation guarantee obligations, raising $131 million in superannuation guarantee liabilities.
  • We undertook more than 440 audits and reviews of self-managed superannuation funds.

Employer obligations

We conducted 290 field audits, 140 outbound telephone reviews and 6,700 desk reviews of employers' compliance with their PAYG withholding, superannuation guarantee and FBT obligations, raising revenue of $103.4 million.

Results of our activities are based on preliminary data and are indicative only. Final results for 2007-08 will be published in our Annual report 2007-08, due for release in October.

Sections within Small to medium enterprises

Last Modified: Wednesday, 13 August 2008
 
Table of contents
Foreword
Summary of compliance results 2007-08
Open and accountable administration
Headline issues for 2008-09
Our approach to tax compliance
Individuals
Micro enterprises
Feature: Dealing with the cash economy
Feature: Meeting employer obligations
Feature: Super tools for trustees and auditors
Small to medium enterprises
Large businesses
Non-profit organisations
Government organisations
Tax practitioners
Feature: Promoter penalty laws yield results
Serious abuse of the tax and superannuation systems
Our commitment to you
Give us your feedback
 
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