This session will focus on how to respond to ATO requests in a manner that will fully address the ATO's risk hypothesis and minimise the likelihood of the Commissioner exercising his powers by issuing formal notices requiring you to produce information and documents, or appear to give evidence under oath.
Daniel Slater will step through recent experiences managing significant audits and disputes in various industries for large business, high wealth individuals and small to medium enterprise.
The ATO approaches to compliance activities have changed in recent years under the leadership of Jeremy Hirschhorn and Mark Konza in the large business segment, and Will Day for high wealth individuals and private groups. Audit teams are imposing strict time limits and demonstrating higher expectations of taxpayers than was the case in the past years. Where the audit team is not satisfied with responses, the decision to issue formal notices is being made quickly.
If you or your client is the subject of a review or audit in 2018 or beyond, it will be essential that you are well prepared. This practical session will ensure that you understand the level of enquiry and are best placed to manage the process in a cost efficient and evidence based manner.
Webinar Learning Outcomes:
This webinar will cover your legislative obligations and practical considerations in:
• responding to informal requests for information;
• complying with notices pursuant to s 353-10 of Schedule 1 to the Taxation Administration Act 1953 (353-10 Notices) to provide information and documents;
• appearing to give evidence under oath pursuant to a 353-10 Notice;
• gathering and assessing documents and information relevant to an offshore information notice pursuant to s 264A of the Income Tax Assessment Act 1936.
While there will be a focus on the large business segment, relevant considerations for high wealth individuals and SMEs will also be addressed.
Small and large firms, and corporate tax managers.
Daniel Slater is Special Counsel in MinterEllison's Tax Controversy team, and advises corporates and High Wealth Individuals with ATO reviews, audits and tax disputes. He seeks to take an evidence based and strategic approach to advocacy on behalf of his clients with a view to achieving favourable outcomes and managing tax risks.
Daniel has recently advised multinationals in the infrastructure, pharmaceuticals, resources, telecommunications and financial services industries in respect of major related party cross border financing arrangements and projects. Daniel also represents the Commissioner of Taxation in its major tax audits, Part IVC appeals, cross border debt-recovery and alternative dispute resolution.
Your webinar purchase includes:
• PowerPoint presentation
• Supporting documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to ask questions to the presenter
The ATO is no longer accepting assertions or vague responses as sufficient responses to its requests for information.