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Vaccination rates as they happen around the world
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Brazen ATO scam costs Sydney woman $22k
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80¢ per hour work-from-home deduction method extended
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Victorian State Budget Overview 2020 - 2021
Employee Christmas Parties and Gifts – Any FBT?
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JobMaker hiring credit given green light despite ongoing concerns
Super, death, and taxes
ATO extends JobKeeper deadlines ahead of Christmas
Small-business coronavirus grants set to be income tax-free under new bill
How Australians are taking advantage of income tax cuts
Part 1 – Budget reminders. Under the Hood.
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Comprehensive list of COVID-19 initiatives and packages.
Businesses not meeting obligations warned as ATO restarts compliance programs
Employers cautioned over ‘hard and fast’ decline in turnover eligibility
‘Follow the spirt of the law’, warns ATO
$120m in JobKeeper clawed back by ATO, new compliance areas highlighted
Budget 2020 - A very comprehensive break down.
Budget 2020 - Fact Sheets
Budget 2020 - At a Glance, Overview, Outlook
Temporary home office expenses shortcut extended again
JobKeeper extension – changes implemented
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Articles
Penalty for unsubstantiated work-related deduction claims
Death, divorce, relationships and complications
Buying a Property
Plumbers were full-time casuals, not contractors
Resources on our site to help you, your family and/or your business.
Merry Christmas to all our clients, your staff, family and friends.
Residency requirement for CGT home exemption failed
Residency Tested Again - Taxpayer Loses
Parent liable to CGT on half-share of townhouse
ATO information on everyday issues.
Victorian Fire Services Property Levy
Penalty for unsubstantiated work-related deduction claims

 

The AAT has recently affirmed a decision of the Tax Commissioner to impose a penalty on an individual equal to 50 per cent of the tax shortfall .....


... amount arising from deduction claims for work-related expenses that were unsubstantiated.

 

 

 


     

 

The taxpayer made claims as a car salesman for work-related expenses of $30,000 plus for several years.  The Tax Commissioner determined that most of the claims were unsubstantiated and imposed a penalty of approximately $6,000, representing 50 per cent of the tax shortfall of the 2012 year.

The individual did not dispute that the claims were unsubstantiated, but argued that the penalty was severe and that he was unable to pay all of the penalty.  The AAT noted, among other things, that the individual did not retain invoices or receipts, or provide satisfactory evidence to substantiate the claims.  The AAT was of the view that the individual's conduct was more serious than mere failure to take reasonable care, and held that the penalty imposed was appropriate.

It is not clear if the other years were also subject to penalties – if not the taxpayer may have got off lightly!

 

 

 

 

 

 

 

 

 

 

 



17th-December-2013
        
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