Supporting document requirements for objections

Please send the following documents and information with your objection.

Tax shortfall penalty

  • How the shortfall occurred and what controls you had in place to prevent it.
  • What records you maintained.
  • Why you think the tax shortfall penalty should not apply or should be reduced.
  • Whether you checked the correct tax treatment for the transaction(s) that caused the tax shortfall.
  • Whether you sought advice about the correct tax treatment, and if yes:
    • What was the source of the advice?
    • Why you think it was reasonable for you to rely on this advice?
  • When you first became aware of the error, and if this was only when advised by the Tax Office, why you did not become aware earlier.
  • If the tax shortfall was for goods and services tax:
    • Who prepared the Business activity statement or the information lodged?
    • What was their experience?
  • Any additional information to support your claim.
    Last modified: 12 Sep 2006QC 19021