TPB advise successful collaborative compliance campaign for registered practitioners with ATO

The Tax Practitioners Board (TPB) Chair, Mr Ian Klug has advised that their collaborative efforts with the ATO to chase up registered tax professionals who had outstanding lodgements or payments has been successful.

‘I’m pleased to see that many practitioners have responded, paying over $40 million in outstanding tax bills, and taking action with more than 6,000 late lodgements,’ Mr Klug said.

‘Australians expect people like tax practitioners, who operate in positions of trust, to do the right thing.’

Mr Klug said the TPB has commenced 35 investigations into higher risk breaches, with a view to imposing sanctions, including termination of registration.

'The message to tax practitioners is clear – you need to act now to ensure your personal tax obligations are up to date.’

SOURCE: Media release from the TPB