ATO small business compensation to be reviewed under $13.9 million package

SmartCompany, December 17, 2018

The Department of Finance will undertake a review into the tax office’s small business compensation mechanism as part of a federal government package aimed at addressing issues with tax disputes.

Nestled in measures detailed in mid-year fiscal and economic outlook (MYEFO) papers released today, the government said the ATO’s implementation of the Compensation for Detriment Caused by Defective Administration (CDDA) scheme will be scrutinised.

The review is one of several measures being undertaken by the government to address small business disputes with the ATO, following allegations of heavy-handed tactics published in an ABC Four Corners investigation earlier this year. READ MORE: https://www.smartcompany.com.au/finance/tax/ato-small-business-compensation-review/

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