This report describes ATO consultation activities in October 2024.
This report is prepared monthly and shared with our stewardship groups.
It contains:
Consultation matters
Statistics
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4 |
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8 |
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13 |
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1 |
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0 |
Consultation matters received
[202424] Tax agent supporting compromised clients using Strong online access strength pilot
[202423] Enhancing eInvoicing adoption
[202422] Foreign resident capital gains withholding
[202420] Retirement villages web guidance
Consultation matters completed
[202424] Tax agent supporting compromised clients using Strong online access strength pilot
[202417] Reducing paper activity statements
[202416] Local File/Master File (LCMSF) Schema Version 4.0 short form local file instructions
[202405] Plug-in hybrid electric vehicles – valuing fuel
[202403] Embedding value-added macro data into natural digital systems
[202323] Division 7A guidance within software
[202314] Right time tax payments and reporting
[202313] Preventing errors and mistakes through small business software
Advice and guidance products released for comment
Draft Practical Compliance Guideline
- PCG 2024/D3 Restructures and the new thin capitalisation and debt deduction creation rules – ATO compliance approach
See open consultation for products open for comment.
Legislative instruments released for comment
No draft legislative instruments were released for comment.
See open consultation for products open for comment.
News
Stewardship groups
The Individuals Stewardship Group met and the topics discussed included:
- client-to-agent linking
- key issues impacting people experiencing vulnerability when interacting with the tax system.
The National Tax Liaison Group met and the topics discussed included:
- objections, settlements and alternative dispute resolution
- the Inspector General of Taxation and Taxation Ombudsman’s priorities
- supporting people experiencing vulnerability
- General Anti-Avoidance Rules Panel matters
- Treasury matters.
The Small Business Stewardship Group met out-of-session and the topics discussed included:
- member insights on the current state of, and ATO engagement with, the small business market
- reflections on the group’s effectiveness
- the shadow economy
- small business communication preferences
- the ATO’s payment strategy
- the ATO’s small business focus areas.
Special purpose working groups
The Tax Profession Cyber Security Working Group met and the topics discussed included:
- the group’s purpose and intent
- ATO and Tax Practitioners Board cyber security work
- developing a forward work program to identify cyber security items that have current, evolving and significant impacts on the tax profession.