The Inspector-General of Taxation (IGT)has concluded that overall, the agreed recommendations in a number of IGT reviews into the ATO have either been implemented by the ATO, in whole or part, have prompted ATO action toward the realisation of intended improvements or will be examined in later IGT reviews. The findings have been released in the following reports:
Follow up review into delayed or changed Australian Taxation Office views on significant issues (‘‘U-turns’’ review), and
Follow up review into the Australian Taxation Office’s implementation of agreed recommendations in five reports released between August 2009 and November 2010.
The Follow up review into delayed or changed ATO views on significant issues (‘‘U-turns’’ review) examined the ATO’s implementation of recommendations made in its original report, Review into delayed or changed ATO views on significant issues (the so-called ‘‘U- turns’’ review) of March 2010.
The term ‘‘turns’’ is commonly used to refer to situations where the ATO retrospectively applies its changed views on significant interpretative matters or administrative practices.
The IGT found that the ATO fully implemented three of the four administrative recommendations, while fourth has been partially implemented. Two additional recommendations were made ensure that the ATO properly implements holistic approach to managing ‘‘U-turns’’.
The ATO has agreed to implement these additional recommendations.
The Follow up review into the ATO’s implementation of agreed recommendations in five reports released between August 2009 and November 2010 looked at the ATO’s implementation of agreed recommendations made in five separate reports released between August 2009 and November 2010.
The IGT found that all recommendations had been actioned, were being actioned or will be addressed in later IGT reviews.
This news story is reprinted from CCH Tax Week
Read more details on Financial Accounting Outsourcing Services
Follow up review into delayed or changed Australian Taxation Office views on significant issues (‘‘U-turns’’ review), and
Follow up review into the Australian Taxation Office’s implementation of agreed recommendations in five reports released between August 2009 and November 2010.
The Follow up review into delayed or changed ATO views on significant issues (‘‘U-turns’’ review) examined the ATO’s implementation of recommendations made in its original report, Review into delayed or changed ATO views on significant issues (the so-called ‘‘U- turns’’ review) of March 2010.
The term ‘‘turns’’ is commonly used to refer to situations where the ATO retrospectively applies its changed views on significant interpretative matters or administrative practices.
The IGT found that the ATO fully implemented three of the four administrative recommendations, while fourth has been partially implemented. Two additional recommendations were made ensure that the ATO properly implements holistic approach to managing ‘‘U-turns’’.
The ATO has agreed to implement these additional recommendations.
The Follow up review into the ATO’s implementation of agreed recommendations in five reports released between August 2009 and November 2010 looked at the ATO’s implementation of agreed recommendations made in five separate reports released between August 2009 and November 2010.
The IGT found that all recommendations had been actioned, were being actioned or will be addressed in later IGT reviews.
This news story is reprinted from CCH Tax Week
Read more details on Financial Accounting Outsourcing Services
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