Annual Compliance Arrangements with Large Corporate Taxpayers
Reviews of annual compliance arrangements
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| Reviews of annual compliance arrangements Internal ATO reviews and consultations 1.18 Commencing in late 2012, ACAs have been the subject of four ATO internal reviews, commissioned by the Public Groups and International (PG&I) and Indirect Tax (ITX) business lines, as well as consultation with key stakeholders. The reviews and consultations are the Review of Annual Compliance Arrangements, completed in November 2012; PG&I ACA Community Involvement Workshop, conducted in February 2014; Annual Compliance Arrangements Strategy Review (GST), commissioned in January 2014; and Annual Compliance Arrangements (ACA) Review, commissioned in January 2014 and at draft report stage as at September 2014. 38 These phases are outlined in the ATO, Large Business Annual Compliance Arrangements process map (discussed in Chapter 4). It is available from < https://www.ato.gov.au/Business/Large- business/In-detail/Compliance-and-governance/Annual-Compliance-Arrangements/ >, accessed 7 June 2014]. ANAO Report No 2014–15 Annual Compliance Arrangements with Large Corporate Taxpayers 34 low risk issues and develops mitigation strategies for higher risk issues. 38 The renewal of the ACA is also covered during this stage. 1.16 Negotiating and managing ACAs is the responsibility of operational staff within the relevant BSL. The document setting out the agreed terms of the ACA (including the governance arrangements, duration, commitments, disclosures, records, issues registers and dispute resolution mechanisms, is usually signed by the Commissioner of Taxation (the Commissioner) and the entity’s Chief Executive Officer or Chief Financial Officer. Some ACAs establish a steering committee for each tax type (10 cases, while most establish one steering committee to oversee all taxes covered by the ACA (14 cases. There is also a working party for each ACA, comprising senior representatives from the ATO and the taxpayer. 1.17 High‐level management is provided through the ATO’s ACA Oversight Committee, which includes senior executive staff from the BSLs administering ACAs, reporting directly to the respective Deputy Commissioners in the Compliance Group. Download 1.48 Mb. Share with your friends:
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