With the pandemic waning, the various stimuli and moratoria are being terminated. The backlog of uncollected debt is now in hot pursuit of being collected by Revenue offices.
In additional to Commissioners usual debt recovery powers, advisers and their clients should be aware of the effect of various grouping regimes. These extend the Commissioners’ power to collect debt beyond the immediate taxpayer to entities that are grouped with that entity bringing benefits but also risks.
This presentation explores the following grouping regimes, highlighting risks and considerations to think about when devising structures for businesses and wealth holdings:
- Tax consolidating
- Land tax grouping
- GST Grouping; and
- Payroll tax Grouping.