Become a Member
Membership
Education
Events
Resources
Tax Knowledge Exchange
About us
Contact us
  FBT GST Tax administration

Reducing penalties and reasonably arguable position

Source: TAS

Published Date: 18 Oct 2012

 

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Subscribe Now

Already a Subscriber? Login now

A thorough understanding of how the system of penalties is administered by the ATO is one of the best ways of minimising the severity of the impact. What is a “reasonably arguable position”, and how can it help your client? In this paper the penalties framework is discussed in detail, and covers:

  • how the ATO assesses your client’s behaviour: negligence, recklessness and intentionally disregarding a tax law
  • how and when to make a voluntary disclosure
  • what is a reasonably arguable position, and how to go about preparing a RAP
  • SIC and GIC – how to have them remitted
  • the best strategies to negotiate a reduction in penalties.
Author(s)

Individual Session

Reducing penalties and resonably arguable position presentation

Author(s): Arthur Athanasiou CTA-Life
Materials from this session:

Download

Details

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

FBT GST Tax administration 2012

Share this page