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  2003

ATO Audits/Reviews - what to expect and how to manage the outcome

Source: Victoria

Published Date: 13 Mar 2003

 
As a result of the increased government funding to pursue audits/reviews, the ATO has created a number of audit teams and empowered them to secure the audit results required by government.

Whether you advise individuals, corporates, or other entities, and whether you advise on income tax or GST, the likelihood is that your clients will be asked to justify the positions they have taken. The onus will be on them to prove that adjustments should not be raised and that interest and penalties should not be applied.

It is not the tax technical issues alone which will determine the outcome of the process. Negotiation strategies, awareness of judicial rights and decisions in relation to privileged documents will also be important.

This seminar stepped through the audit process covering topics including:
- what happens
- the day to day running of the investigation
- which documents qualify for legal professional privilege
- negotiation.

The audit process

Author(s): Michael Bersten
Materials from this session:

Legal professional privilege

Author(s): Andrew Broadfoot
Materials from this session:

Penalties and interest

Author(s): Damien L Lockie CTA-Life
Materials from this session:

Negotiation

Author(s): Kevin Pose
Materials from this session:

Details

  • Published On:13 Mar 2003
  • Took place at:Hotel Sofitel, Melbourne

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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