A taxpayer has been broadly unsuccessful before the NSW Civil and Administrative Tribunal in seeking to have, among other things, 2 companies de-grouped from a company group for payroll tax purposes. The Commissioner had issued payroll tax assessments to the taxpayer for the payroll tax years ending 30 June 2007 to 30 June 2011 (inclusive). The assessments were issued…
The NSW Civil and Administrative Tribunal has affirmed a decision of the Chief Commissioner of State Revenue (NSW) not to exercise his discretion to determine a taxpayer was not a member of a group for payroll tax purposes. In June 2011, the Commissioner issued payroll tax assessments to the taxpayer for the 2008 to 2010 tax years…
The NSW Civil and Administrative Tribunal has remitted a matter to the Chief Commissioner of State Revenue (NSW) to reconsider a land tax reassessment issued more than 5 years after initially allowing the principal place of residence (PPR) land tax exemption in respect of the land. In August 2013, the Commissioner issued to the taxpayers (2 individuals)…
Two taxpayers have been unsuccessful before the NSW Civil and Administrative Tribunal in seeking to have unpaid land tax written off under s 110 of the Tax Administration Act 1996 (NSW). The taxpayers purchased the property in November 2010 with the intention of making it their home. They planned to demolish the existing dwelling and construct a new…
The Budget Measures Bill 2014 (SA) has passed all stages of the SA Parliament with amendments and awaits Assent. The Bill had passed the Legislative Council with amendments to remove the proposed “car park tax” which were agreed to by the House of Assembly. The Bill implements the SA Budget 2014 measures including the introduction…
The Qld Treasurer has announced that Qld businesses with an annual payroll tax liability of less than $20,000 will now only need to lodge payroll tax returns just twice a year, instead of every month. “From next year these small and medium Qld businesses will save time and money on unnecessary red tape and get on…
The State Revenue Legislation Amendment (Electronic Transactions) Bill 2014 (NSW) was introduced in the NSW Legislative Assembly Wed 10.9.2014. The Bill proposes to amend the Duties Act 1997 (NSW) and the Taxation Administration Act 1996 (NSW) to make further provision for the assessment and payment of tax by electronic means. Among other things, the amendments:…
The Tax Practitioners Board (TPB) has released the following updates: Summary of qualifications and experience requirements for registration as a tax (financial) adviser under the standard option – Table summarising the qualifications and experience requirements that apply from 1 January 2016. Qualifications and experience for tax (financial) advisers – Outlines the qualifications and experience requirements for registration…
The Tax Practitioners Board (TPB) Wed 24.9.2014, released for comment the following 2 exposure draft Information Sheets: Draft Information sheet TPB(I) D23/2014 – the meaning of “fee or other reward” for tax (financial) advisers – will assist entities to determine what constitutes a fee or other reward. Draft Information sheet TPB(I) D24/2014 – the sufficient…
The AAT has upheld a period of 3 years during which a de-registered tax agent is prohibited from applying for registration as a tax agent. The applicant commenced practice as a registered tax agent in 2005. He lodged 164 tax returns on the instructions of one of 2 men who had approached him about preparing…