ATO data matching coffee sellers and builders
The ATO has announced data matching programs targeting coffee sellers and hardware store trade account holders as part of its latest compliance activities to tackle the cash economy. The ATO said it has already obtained data from a number of coffee suppliers and a major warehouse chain and from NSW Fair Trading, Queensland Building Services Authority, and the Government of South Australia, Consumer and Business Services. Under the "coffee suppliers" data matching program, the ATO expects to match records of more than 8,000 individuals to ensure they are reporting all their business income. In relation to the "building industry" program, the ATO says around 20,000 individuals will have purchases cross-checked with reported income.
TIP: If you are concerned these data matching programs will affect you, please contact our office.
