ATO updates JobKeeper compliance approach
The Tax Office has now updated its JobKeeper compliance guidelines with new examples of schemes where there will be a high risk of the commissioner devoting his compliance resources to.
Practical Compliance Guideline 2020/4, which sets out when the ATO will apply its compliance resources to schemes to obtain access or to increase the amount of the JobKeeper payment, has now been updated to clarify its application and to provide additional examples.
The ATO has also now added two additional examples of schemes that will attract the commissioner’s attention.
The first extra example includes where a company enters into a scheme to defer or reduce the price paid to suppliers so that these suppliers will be eligible for a JobKeeper payment.
The second example also details when a company enters into a scheme where there is a deferral, reduction or waiver of revenue paid to a company so a company can obtain a JobKeeper payment.
Both the additional examples have been labelled as “high risk” for the commissioner to apply his compliance resources.
You can view the full list of examples in PCG 2020/4 here.