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- Title
March - what happened in tax?
- Abstract
The particular breaches relied on to make the deregistration decision were revealed by ATO audits of the work-related expense claims made for eight taxpayers in respect of returns lodged for the 2016 income year. The deductibility of employee transport expenses ultimately requires a judgment in any case about whether the expense is incurred in the course of gaining or producing assessable income. TR 2021/1 states that determining whether a particular transport expense is incurred in gaining or producing assessable income involves consideration of the proper scope of the particular employee's work activities to determine whether the circumstances of the transport expense have a sufficiently close connection to earning the employment income. The fact that an employee considers that a transport expense serves an employment-related purpose is not sufficient to establish the deductibility of the expense.
- Subjects
TAX laws; EMPLOYEE benefits; PER diem allowances; TAX preparation; TELECOMMUTING; DEBT cancellation
- Publication
Taxation in Australia, 2021, Vol 55, Issue 9, p446
- ISSN
0494-8343
- Publication type
Article