What is involved?
A review or audit usually involves looking at your affairs to ensure the information you have given us is accurate and you have complied with your obligations.
We may also contact other parties such as banks, employers, customers and suppliers to get information.
Under the law, reviews and audits are both considered 'tax audits' but there are differences between the two.
We conduct reviews to assess whether or not there is a risk that you are not complying with your obligations and to check for any errors so that we can help you to correct these.
We also use reviews to collect information about particular industries and activities.
If you tell us about any errors and provide details during a review to help us correct those errors, we may significantly reduce any penalty that may apply.
If we find evidence during a review that you have not met your obligations, we may decide to conduct an audit. We will tell you if we intend to do this.
If we don't find any evidence that you may not be complying with your obligations, we will complete the review.
If we think you may not be complying with your obligations or do not believe a review can look into the issues sufficiently, we conduct an audit. We may correct any discrepancies we find, which may mean you owe us money.
If you tell us about any errors and provide details to help us correct those errors during an audit, we may reduce any penalty. If you tell us about any errors and provide details to help us correct those errors before we notify you that we intend to conduct an audit, we may significantly reduce any penalty.