On 31 October 2018, the ATO uploaded a post addressed to vendors of property, on which GST is to be withheld and remitted to the ATO, as a credit against the eventual assessed GST. The ATO reminds vendors, that the start of the process, is with the Vendor of the land, who has to supply…
On Tuesday 30 October 2018, ASIC announced that it had disqualified two separate self-managed superannuation funds (SMSF) auditors: John Gilliland and Douglas Coghlan, both of Queensland, for breaching independence requirements. ASIC found both Mr Gilliland and Mr Coghlan had separately breached auditor independence requirements in auditing their own funds, the fund of an immediate family member…
The Tax Practitioners Board (TPB) released its 2017/18 Annual Report under s60–130(1) of the Tax AgentServices Act 2009. Amongst the things it reports on, are the following. The TPB has been in operation, 8 years (since 1 March, 2018). By 30 June 2018 the registered tax practitioner population had tripled to 77,749 (since the beginning),…
On 29 October 2018, the UK Chancellor of the Exchequer, Philip Hammond, handed down the 2018 UK Budget and announced a range of tax measures. While the headline measure was the proposed 2% digital services tax on large digital firms from April 2020 (see related Tax Technical Article), the UK Government also announced a range of corporate…