Newspaper article The Daily Mercury (Mackay, Australia)

Tax Office Acts on 58,000 Dodgy Claims

Newspaper article The Daily Mercury (Mackay, Australia)

Tax Office Acts on 58,000 Dodgy Claims

Article excerpt

THE Australian Taxation Office has already stopped 58,000 income tax returns containing suspected over-claimed or fraudulent refunds.

aEach year our ability to match data gets better, making it more likely people will be identified if they leave anything out or incorrectly report items on their tax return,a said ATO tax commissioner Michael D'Ascenzo.

aWe have received more than 600 million transactions from organisations this tax time to check against tax returns.

aThis information comes from a range of businesses and agencies, including employers, financial institutions, share registries, and government agencies like Centrelink, who are required to report data to the ATO regularly.a

The ATO cross-checks this information after taxpayers have lodged their tax returns to help stop fraudulent claims and detect any income that has not been included.

aLast year, we wrote to 540,000 taxpayers about discrepancies in the information they reported on their tax returns,a Mr D'Ascenzo said. …

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