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  • We protect businesses by data matching


    17 May 2017

    Every year, we collect new data from financial institutions and online selling sites as part of our data-matching programs for credit and debit cards, online selling and ride-sourcing.

    Currently we are gathering data on:

    • the total credit and debit card payments received by businesses
    • information on sellers using online selling platforms who sold at least $12,000 worth of goods or services
    • details of payments made to ride-sourcing drivers from accounts held by the ride-sourcing facilitator.

    We match this data with information we have from income tax returns, activity statements and other ATO records to identify any discrepancies.

    Data matching helps us identify businesses that may need some assistance, as well as those that get an unfair advantage over honest businesses by not reporting all their income or meeting their registration, lodgment or payment obligations.

    If you think you’ve made a mistake or left something out, contact us or your registered tax adviser to correct your mistake or amend your return. You can also make a voluntary disclosure – we may reduce or even waive penalties if you make a disclosure before we contact you.

    If you think a person or a business is gaining an unfair advantage, you can report a concern and help us protect honest businesses.

    Remember, registered tax agents and BAS agents can help you with tax advice.

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