Recently, the Commissioner of Taxation highlighted the areas in which the ATO has recently increased its focus, including:
individuals unexplained wealth or lifestyle;
incorrectly claimed private expenses;
unpaid superannuation guarantee; and
cash-only businesses and those with low usage of merchant banking facilities, with black economy visits to over 2,600 businesses across 8 locations in 2017.
The Commissioner also highlighted ongoing ATO concern with respect to the predicted work-related expense claim gap', which (at least by the ATO’s estimates) could amount to being greater than the large corporate tax gap of $2.5 billion of lost revenue.