ATO reminds tax agents of new penalties approach

The ATO has changed the way it applies penalty relief, effective 1 July this year.

As advised last financial year, the ATO decided that, from 1 July 2018, it will not apply penalty to tax returns and activity statements where eligible clients have made an inadvertent error by failing to take reasonable care or have not taken a reasonably arguable position.

Read the full article at AccountantsDaily.

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