This follows recent changes made to Australian tax law, which gives the
commissioner of taxation discretion where an honest mistake or inadvertent
omission has been made.
The offer has been made for mistakes made between 2001-02 and 2006-07 and a
practice statement released this week has sets out how taxpayers can take
corrective action to fix these mistakes.
‘Until 1 July 2008, I am offering people the opportunity to correct past
mistakes and omissions within the parameters of our new practice statement,’
said tax commissioner
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...