The ATO is focusing on businesses that rely heavily on cash transactions. The ATO will be working closely with industry associations, tax practitioners and businesses to understand any issues they may have.
The ATO is focusing particular attention on motor vehicle and travel expense claims of late and has indicated their focus will be firmly on these deductions for FY2017 tax returns.
The Government has announced that from 1 July 2017 it will allow the ATO to disclose tax debt information to credit reporting agencies of taxpayers that are not effectively engaged with the ATO to manage their debts.