Consultation closes on Friday 15 February 2019.

The Australian Taxation Office (ATO) is inviting the public to provide feedback on the proposal to replace annual TDs with content published on the ATO website, and to raise any other relevant issues or specific concerns about matters discussed in the paper.

Proposed change

The ATO currently publishes 12 taxation determinations every year (annual TDs) on indexation factors, rates, thresholds, reasonable amounts and certain values relating to fringe benefits tax (FBT), income tax and luxury car tax.

There is no legislative requirement for the Commissioner to publish this information, except for the improvement threshold (subsection 108-85(3) of the Income Tax Assessment Act 1997).

Annual TDs can be accessed using the Legal Database and most of this information is also available as website content on the ATO website, for example, the FBT rates and thresholds.

Making the information in the annual TDs available only on the ATO website:

  • improves the timeliness of publishing this information
  • provides you with easier, simpler and quicker access to the information.

If implemented, the change is proposed to only impact annual TDs for the 2019-20 income year and the 2020-21 FBT year, and onward.

Consultation questions

  1. How do you currently access the rates and thresholds published by the Commissioner and what are your primary reasons for accessing the information in this way?
  2. Of the annual taxation determinations listed, are there any specific topics you think should continue to be published as taxation determinations, and if so why? For example, the annual TD on reasonable travel and overtime meal allowance expense amounts.
  3. If we only published this information as website content, what impact would this have on you?
  4. How could we improve the way we currently present this information on our website?

For further details and submission of feedback, please visit the consultation page.

(Source: ATO)

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