TPB terminates tax agent's registration for serious Code breach
The TPB has terminated a tax agent’s registration after he failed to lodge 47 business activity statements (BAS) by their due dates.
The Tax Practitioners Board (TPB) has terminated the registration of a tax agent, prohibiting them from reapplying under the Tax Agent Services Act 2009 for a period of three years, after they were found to have breached multiple items of the Code of Professional Conduct.
According to the TPB, the agent did not act honestly and with integrity when they failed to declare in their annual declarations and registration renewal that they had a criminal conviction for several taxation offences from 2014.
In addition, the tax agent failed to comply with personal tax obligations including lodging their income tax returns (ITRs) on time for four financial years, as well as 47 BAS by their respective due dates.
They also failed to comply with notices issued under the Income Tax Assessment Act 1936 to lodge outstanding returns, resulting in a conviction and court order.
“Taking into account the number and seriousness of the Code breaches, the Committee decided to terminate the tax agent’s registration.
“The Committee also prohibited them from reapplying for registration under the Tax Agent Services Act 2009 for a period of three years,” the TPB concluded.