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- Title
Assorted problems with “payment”.
- Authors
Cartland, Adrian
- Abstract
What constitutes a “payment” is a fundamental concept that is relevant to a diverse set of issues regarding the incidence and timing of tax. This article discusses an assortment of different practical issues and “war stories” in which the concept of “payment” was central, including: how an accountant became liable for their client’s PAYG; the ATO’s mixed record on cases arguing that a small business controller did not pay themselves; related party dealings and R&D; asset protection that did not protect the assets; and making SMSF contributions on time. There are some opportunities for clarification by the ATO of its interpretation of “payment”, given that some positions taken on what constitutes a “payment” may be detrimental to its overall administration of the revenue.
- Subjects
ASSET protection; PAYMENT; WAR stories; TAX incidence; SMALL business
- Publication
Taxation in Australia, 2023, Vol 57, Issue 10, p600
- ISSN
0494-8343
- Publication type
Article