New or updated materials on ATO website, including:

  • Reminder about changes to the R&D tax incentive, with a new cap applying for income years commencing on or after 1 July 2014 (including an example)
  • New contemporary debt letters making it easier to pay outstanding tax debts
  • Speech by Second Commissioner Geoff Leeper to the Trans-Tasman Business Circle on reinventing the ATO, including discussion on improving the client experience, digital service delivery and using data in a more effective way, strengthening the international tax system and new approaches to debt management
  • Rulings to be released on Wednesday: including a final GST ruling on the meaning of the terms 'passed' and 'reimburse' for the purposes of Division 142 of the GST Act (previously issued as GSTR 2014/D4), a draft tax ruling on income tax matters relating to bodies corporate constituted under strata title legislation, and five tax determinations containing various FBT rates and amounts for the FBT year commencing 1 April 2015.