We are increasing our use of information-matching technology to verify the correctness of tax returns. Ensure all information is fully and correctly declared on your tax returns. Certain claims made may be subject to additional scrutiny by us.
In particular, we will be checking the following on the 2014 tax returns:
- distributions from partnership and trusts
- total salary and wages paid against the pay as you go (PAYG) withholding system
- interest and dividend income
- franking credits claimed (including franked dividends that are correctly grossed up).