Data straight to the IRD – What do you think?
“Wow is this for real? Data sent to the IRD every time a sale or purchase is made? What on earth would the IRD want all that information for?”
Last month the Australian Tax Office delivered a blunt message at a Sydney conference – the world for tax practitioners is about to be turned upside down. The pill was sugar-coated by a lively agenda focused on managing and adapting to change but the message was nonetheless blunt and delivered to a slightly bewildered audience on the second day of the conference.
Within two years, there is an expectation that the way businesses interact with the ATO – and by extension, the way they communicate with their agents, and the role those agents play on behalf of their clients – will be totally re-engineered.