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« on: August 02, 2010, 01:49:16 pm »
From ATO website
Cheers
Online selling data matching
How we collect data
We have obtained data from eBay Australia and Trading Post Australia to assess the level of taxation compliance of individuals and businesses that sell goods or services online.
The data identifies members of online selling sites who are involved in selling goods and services of a total value greater than $20,000 in any of the past three financial years - 2007-08, 2008-09 and 2009-10.
How we use data
We use this data to improve compliance with tax obligations of particular groups of taxpayers. This allows us to:
identify individuals and businesses that don’t report or under report their sales
identify individuals and businesses that operate ‘off the books’ and avoid their obligations by not registering, lodging returns or making payments
better understand and address the compliance behaviour of taxpayers involved in online selling
increase community awareness of the ways we use data matching to address tax compliance
protect honest taxpayers, by deterring, detecting and dealing with those who have not complied.
We will contact individuals and businesses that we identify as at risk of running part of their business off the books or in other ways not reporting all their income. We will encourage them to make a voluntary disclosure of any under reported amounts.
Where appropriate the data will be used to support default assessments of a businesses’ tax liabilities.
How we match data
This data is electronically matched with our own data to identify individuals and businesses who are:
participating in the cash economy
non-compliant with registration requirements
not reporting or under reporting sales
not meeting their lodgment and payment obligations under tax law.
For more information about your tax obligations as a small business operator, refer to Small business support (NAT 73320).
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