The ATO has issued a Gazette Notice advising that it will request and collect details from State and Territory motor vehicle registries.
The ATO will request details of vehicles purchased with a transaction value of $10,000 or greater in the 2011/2012 and 2012/2013 financial years.
This data will be electronically matched with certain sections of ATO data holdings to identify non-compliance with lodgement and payment obligations under the tax law.
Contact us on 02 9957 4033 for more information.
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This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.