The Tax Office has released details of three data matching projects it will carry out. Information collected from the projects will be electronically matched with ATO records to identify non-compliance with lodgement and payment obligations.
Motor Vehicles
The ATO will request and collect details of individuals and entities that have acquired a motor vehicle valued at $10,000 or higher from relevant state and territory departments (RTA, Vic Roads, etc.).
Personal Services Income (PSI)
Records relating to around 30,000 individuals and entities who have received contract payments from selected labour hire firms, placement agencies and computer consultancies will be matched.
Mining Industry Payments
The Tax Office will also request and collect information on amounts paid by mining companies to approximately 100,000 contractors and sub-contractors.
Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
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