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The ATO has recovered $43 million in tax liabilities in the 2017-18 financial year after contacting over 140,000 taxpayers in relation to their work-related expenses.
According to the Tax Office, risk messaging in the pre-fill report of over 700,000 clients of tax agents was provided, while over 140,000 taxpayers were contacted via letter or audit where their work-related expense claims were higher than expected when compared to their peers, resulting in over $43 million in liabilities in the 2017–18 financial year.
Read the full article at Nest Egg.