The ATO has advised that it will acquire details of entities from State and Territory motor vehicle registries for the 2013-14, 2014-15 and 2015-16 financial years. The program will obtain data from the registries for each of the financial years where motor vehicles were sold/transferred or newly registered and the transfer and/or market value is id=”mce_marker”0,000 or greater. It is estimated that records of 2m transactions will be obtained, enabling the identification of approximately 2.8m individuals.
The ATO said it will obtain details of the purchaser(s), seller(s), licensed dealer, fleet manager, leasing company (or the representative of any of these) and the registering person for an unincorporated body.
Among other things, the ATO said it will use the data to identify and deal with those taxpayers who may not have met their obligations with regard to GST, FBT, luxury car tax, fuel schemes and income tax.
[LTN 243, 16/12/14]