With significant government funding of the ATO’s audit activity there is going to be a continuous cycle of reviews facing tax practitioners. This practical presentation identifies:
- Common types of ATO review and audit products
- Establishing facts through engagement with the ATO in the information gathering phase
- Practical challenges in responding to position papers
- Engagement with the ATO involving technical panels and/or the GAAR Panel
- Identifying and claiming Legal Professional Privilege or administrative concessions
- Possible escalation options
- Pros and cons of alternative dispute resolution options
- Practical tips on settlement negotiations within the ATO’s Code of Settlement Practice; and
- Disputing amended assessments post review or audit – the objection process.