Annual Compliance Arrangements with Large Corporate Taxpayers
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| Recommendations Recommendation No. 1 Paragraph 3.39 To better tailor ACAs to taxpayers assessed compliance risks, the ANAO recommends that the ATO reassesses the design of these arrangements within the compliance framework for large corporate taxpayers the level of compliance assurance required to provide benefits for both parties and the administrative processes. ATO response Agreed. Recommendation No. 2 Paragraph 4.42 To support ongoing assessment of the effectiveness of ACAs to identify and mitigate tax risks in real time, the ANAO recommends that the ATO enhance its record keeping of taxpayers disclosures of contentious tax positions, and the strategies developed to deal with these disclosures. ATO response Agreed. ANAO Report No 2014–15 Annual Compliance Arrangements with Large Corporate Taxpayers 24 Recommendations Recommendation No. 1 Paragraph 3.39 To better tailor ACAs to taxpayers assessed compliance risks, the ANAO recommends that the ATO reassesses the design of these arrangements within the compliance framework for large corporate taxpayers the level of compliance assurance required to provide benefits for both parties and the administrative processes. ATO response Agreed. Recommendation No. 2 Paragraph 4.42 To support ongoing assessment of the effectiveness of ACAs to identify and mitigate tax risks in real time, the ANAO recommends that the ATO enhance its record keeping of taxpayers disclosures of contentious tax positions, and the strategies developed to deal with these disclosures. ATO response Agreed. ANAO Report No 2014–15 Annual Compliance Arrangements with Large Corporate Taxpayers 25 Audit Findings ANAO Report No 2014–15 Annual Compliance Arrangements with Large Corporate Taxpayers 27 Download 1.48 Mb. Share with your friends:
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