• Recommendation 3.8

    To reduce the extent of uncertainty for taxpayers, the Government should consider:

    1. starting the period for amendment from the date on which a taxpayer provides information that is the subject of disclosure before an assessment is lodged (pre-assessment disclosures) or as a result of increased requirements for additional disclosures at the time of lodgement (expanded lodgement disclosure), if that is earlier than the notified or required date of lodgement of the relevant income tax return; and
    2. where taxpayers provide pre-assessment disclosures or expanded lodgement disclosures, requiring the ATO to commence compliance detection activities within one year of receiving such disclosures.

    ATO response

    This is a matter for government.

      Last modified: 22 Dec 2014QC 43559