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  • We protect businesses by data matching

    We protect businesses by data matching

    27 August 2015

    Each year we collect credit and debit card data from financial institutions to match against our records. We are currently collecting transaction data for the 2014-15 financial year to match against income tax returns, BAS and other ATO records.

    Data matching helps us identify businesses that get an unfair advantage over honest businesses by not meeting their registration, reporting, lodgment or payment obligations.

    If you think you’ve made a mistake on previous lodgments contact us or your tax advisor to make a voluntary disclosure. We may reduce or even waive penalties if you make a disclosure before we contact you about an audit.

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

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