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Data Matching – Motor Vehicles – ATO ramping - Tax with Integrity

Data Matching – Motor Vehicles – ATO ramping

The Tax Office announced a motor vehicle data matching program that is aimed at identifying all vehicles sold, transferred or newly registered in 2011-12 and 2012-2013 where the transfer or market value is $10,000 or greater. This will;

  • Identify taxpayers whose expenditure is in excess of their reported income
  • Identify businesses that sell vehicles and do not report, or under-report those sales
  • Obtain intelligence to increase the ATO’s understanding of the behaviour and compliance profiles of buyers and sellers
  • Develop and implement strategies to improve voluntary compliance, including educational or audit activities as appropriate
  • Help address potential non-compliance in;
    • Income tax
    • Superannuation
    • Goods and services tax
    • Fringe benefits tax
    • Luxury car tax (source: The Taxpayer March 2013)

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Tax with Integrity

Tax with Integrity