Thank you for your ideas

over 1 year ago
Updated: Tuesday 5 December 2017

Thank you to our community members for continuing to think about ideas for public advice and guidance.

Idea: Action/Response:
E-Bay prices have multiplied in last few years as opportunist buyers trawl and inflate prices by dominating the bidding in most areas for $$$ gain instead of wanting to buy or sell for their own home, as we do. They operate as a business, WITHOUT paying tax as antique dealers. E-Bay don't care, the higher the prices the more they earn. The ethos of buying a lamp eg for home is ruined as I bid against people from affluent areas whom don't WANT the item for home, but to on-sell at a profit, AGAIN without paying tax. It's unfair and corrupt. The ATO has an ongoing online selling data matching program developed to ensure that taxpayers are correctly meeting their taxation obligations in relation to their sales through online selling sites. More information about the program can be found within the Online Selling Data Matching Program Protocol.
Have mentioned this to ATO before but nothing doing so will try again. All good accountants reconcile their client's GST, PAYG W, wages etc at year end. To do this you basically enter in the GST Paid, Collected, PAYG W, wages etc for each BAS into an annual worksheet and cross check with the accounts. You basically cannot download this data from the portal, you have to look up each BAS and key it in. The result is time wasting when, it seems to me, getting it as a download in a CSV etc, would eliminate re-keying. We live in a world of automation and technology, ATO seems to be always pushing it, so why not some proactive thinking around the Tax Agent Portal? Thanks for your idea Robert.
The ATO is committed to improving online services for tax agents and work is currently underway on this. We are also working with software developers to provide additional functionality through practice management software.
Your suggestions are being considered by the relevant teams working on these initiatives.
Can you please add categories to the webinars, ie Tax Professional, BAS Agent. I get 5 or 10 minutes into a webinar and it is not relevant to me. I am a BAS agent and don't need to watch info about Tax Returns or Super Fund Reporting. It would be nice if it was clear which ones I should be watching We have considered this idea and think that categorising webinars by target audience as well as by topic would be useful and improve the user experience. We are looking into this and will provide an update here once we have considered this further.
The concept of a Significant Global Entity (SGE) is relatively new in the tax law, and a number of new tax rules now rely on this definition (ie, increased penalties, Country-by-Country reporting, Diverted Profits Tax). Some limited guidance on the SGE definition is included in LCG 2015/3 relating to Country-by-Country reporting, however as this concept now applies to a number of other provisions, it would be beneficial if the ATO could expand and collate this guidance into a single product that can be applied across relevant provisions. Some issues that could be considered for guidance include: - identifying the relevant global parent entity and global group (including linkages with accounting principles and commercially accepted principles where accounting principles do not apply) - currency conversion - identifying the relevant global financial statements - entities joining or leaving an SGE "group" part way through a year - additional guidance on the meaning of 'annual global income'. Recently, we received a suggestion to produce public advice and guidance on the significant global entity (SGE) definition.
We are currently preparing public advice and guidance in relation to Country by Country reporting and General Purpose Financial Statements that address the SGE definition. We intend to publish to this guidance in the near future. While we are not giving consideration to the development of any additional guidance on the SGE definition at this time, our guidance will be applicable to other measures that utilise this definition (such as the MAAL and DPT measures).
It would be very helpful for the ATO to present a webinar on WET tax. There are no courses available and little knowledge out there in the field. We like the idea of holding a webinar on the Wine Equalisation Tax (WET). The Government recently foreshadowed legislative changes to the WET rebate: see Media Release 2016/108. With this in mind, we plan to host one following the passage of new law, when a Webinar will be of most benefit to the wine industry. Thanks for your suggestion. In the meantime, you can find guidance on WET at Wine Equalisation Tax and general enquiries can be directed to wettechadvice@ato.gov.au.
Guidance on Div7A and deceased estates (ATO ID 2002/71 and ATO ID 2012/77) Both ATO IDs appear to be contradictory on the same matter. Clarity is needed regarding situations where a loan is made during an income year but the shareholder dies in the following income year before the company's lodgement due date and no actions were undertaken in relation to the loan. Other scenarios such as amalgamated loans, prior to or after probate, should also be included. No clarity right now which ID is the latest. ATO ID 2002/741 last reviewed on 10 June 2014. ATO ID 2012/77 published on 17 September 2012. We’ve received feedback on ATOID 2002/741 and ATOID 2012/77. While we are of the view that both are correct, and not contradictory, we acknowledge the need to take a closer look at how we can provide clearer guidance on the issues. We’ll provide an update here once we have considered this further.

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