ATO announces its "hit list" for 2013/14

Jul 16, 2013

Today the ATO has released their annual "hit list" Compliance in focus 2013-14 which replaces their previous annual compliance program booklet. This new online product, which they developed in consultation with tax professionals, will be updated throughout the year to keep you informed of new issues and risks as they arise.

Compliance in focus 2013-14 highlights the compliance risks attracting the ATO's attention and the actions that they are taking to deter, detect and deal with those who do not meet their tax and superannuation responsibilities. It is not an exhaustive list of all the compliance activities that the ATO undertakes but it concentrates on their key focus areas for 2013-14 and provides a snapshot of their achievements for 2012-13.

This year the ATO will be looking closely at:

  • profit shifting
  • tax crime, and
  • misuse of trusts.

Other focus areas identified as risks to tax and super compliance this year include:

  • incorrect work-related expenses claims
  • correct reporting of taxable income by wealthy individuals
  • correct reporting of PAYG withholding
  • contractor arrangements
  • participation in tax planning schemes
  • phoenix activity in small and medium businesses
  • payment of super guarantee by employers.

A key tool in uncovering tax avoidance is the ATO's data and information matching program which is expanding this year to include higher quality data on sales of shares, property and units in managed investment trusts, and a greater range of international bank transactions.

Stopping false claims and identity crime are also continuing priorities this year as the ATO increasingly analyses and matches information provided by third parties.

The ATO have worked with the professional associations, through their peak tax practitioner consultative groups, to test the compliance risks that they have identified and sought views on risk areas that they should consider.

Tags: CGTCompany taxDeductionsEmployersFBTGSTPersonal taxSharesSmall BusinessSuper

Author: Bruce Quigley, Second Commissioner, Compliance ATO

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  • "Yes you show the km allowance as taxable income and then you can also make a claim for your car travel. Under the cents per kilometre method you are limited to the first 5000km. So if you get..."

    By: Mr Taxman at Jun 04, 2025 11:57PM

    Post: Claiming car expenses

  • "No would not be able to claim the Uber home nor to the station the next day. The trip to the off-sit meeting would be claimable."

    By: Mr Taxman at Jun 04, 2025 11:55PM

    Post: Claiming car expenses

  • "Depends on your finance type ... if you takeout a lease then the lease payment forms part of your costs (but no depreciation can be claimed) ... if you takeout a Hire Purchase or a Loan then only the..."

    By: Mr Taxman at Jun 04, 2025 11:54PM

    Post: Claiming car expenses

  • "The cost of the trailer itself could be depreciated - usually over 8 years. Assuming no personal usage with it then 100% of that depreciation plus annual rego could be claimed."

    By: Mr Taxman at Jun 04, 2025 11:50PM

    Post: Claiming car expenses

  • "That would be a non-deductible trip unfortunately Erin"

    By: Mr Taxman at Jun 04, 2025 11:48PM

    Post: Claiming car expenses