A review will commence shortly with the objective of implementing more standardised and quality business processes within Financial Operations and Reform across the two largest taxation areas, Fringe Benefits Tax (FBT) and Goods and Services Tax (GST).
Following appropriate consultation with client agencies, the intention is to introduce a common, risk-based approach to taxation compliance sampling and reporting.
The Taxation Review will also implement recommendations from reports received from two external consultants in relation to GST and FBT, including:
- development of a standard Taxation Policy to support the Service Level Agreements
- development of improved and standardised minimum levels of compliance testing, risk analysis and sampling
- a mechanism for reporting the outcomes of compliance testing to client agencies
- improved and standardised recording of the taxation tasks being undertaken
- development of education and training packages for SSSA and client agencies.
The project will provide a number of benefits including:
- improved quality in the provision of taxation services
- enhanced client agency reporting
- improved compliance with ATO requirements.
The review will commence in October and the revised taxation services model is expected to be implemented by June 2018.