The ATO has advised that it has decided to discontinue its cash sales benchmarks. In April 2011, the ATO temporarily withdrew the benchmarks from its list of Small business benchmarks due to issues with the data. It said it had decided to discontinue them as it is unable to obtain consistent data that allows for correct calculation for cash sales benchmarks. The ATO said the withdrawal did not impact its performance benchmarks and input benchmarks, their use or validity.
[LTN 113, 14/6]