Recommendation 5.1

  1. The ATO should consult with taxpayers, tax practitioners and their representative bodies with a view to publishing guidance on what taxpayers and their advisors can expect during cash economy benchmarking compliance activities, including:

ATO response

We agreed with this recommendation and implementation was completed on 28 August 2014.

A review was completed on our guidelines for staff carrying out cash economy activities to confirm cycle times, case processing practices and letter and questionnaire requirements.

Workshops were held with tax practitioners and small business operators to develop, finalise and conduct user testing on the Cash and hidden economy review and audits publication.

The guide provides information about cash economy audit products and escalation processes. A series of articles were also published for tax practitioners. A link to the guide also appears in letters to taxpayers involved in these types of audits and reviews.

    Last modified: 29 Oct 2014QC 42955