Whether you advise individuals, corporates, or other entities, and whether you advise on income tax or GST, the likelihood is that your clients will be asked to justify the positions they have taken. The onus will be on them to prove that adjustments should not be raised and that interest and penalties should not be applied.
It is not the tax technical issues alone which will determine the outcome of the process. Negotiation strategies, awareness of judicial rights and decisions in relation to privileged documents will also be important.
This seminar stepped through the audit process covering topics including:
- what happens
- the day to day running of the investigation
- which documents qualify for legal professional privilege
- negotiation.