• Guide to reportable tax positions 2014

    Who should use this guide?

    Attention

    Warning:

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

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    Use this guide and the Reportable tax position schedule instructions 2014 if we have notified you in writing that you must lodge the Reportable tax position schedule 2014 (NAT 74066).

    You may also use this guide to complete the Reportable tax position early disclosure form 2014 (NAT 74067).

    For the 2013–14 income year, we have contacted a small number of large market business taxpayers that we view as higher consequence to notify them that they must lodge the schedule.

    Find out more

    Higher consequence taxpayers are those in our 'higher risk' or 'key taxpayer' categories. For more information about higher consequence taxpayers, refer to Large business - risk differentiation framework

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    You will not be asked to complete the schedule if you have entered into an annual compliance arrangement for income tax with us for the 2013–14 income year.

    Attention

    For an explanation of terms used in this guide, refer to the definitions.

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    Disclosing a reportable tax position (RTP)

    All material RTPs must be disclosed in the schedule.

    You do not need to disclose an RTP in the schedule if:

    • you have already applied to us for a private ruling that covers the RTP
    • you have already disclosed the position to be taken in your Company tax return 2014 on a Reportable tax position early disclosure form 2014 (NAT 74067)
    • the RTP is covered by an advance pricing arrangement (APA) or an application for an APA that has been accepted into our APA program.

    All disclosures of RTPs must be in writing.

    Find out more

    • Reportable tax position early disclosure form 2014 (NAT 74067)
    • Reportable tax position early disclosure form instructions 2014.
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    Last modified: 04 Jun 2014QC 40268