The following is an overview of revenue detected through State Revenue Office's (SRO) compliance activities.
2018-19
Revenue
detected: $3.5 million
Penalties
applied: $350 000
Interest
charged: $164 000
Refunds:
$20 000
Increased
revenue for current financial year: $167 000
Issues identified and focus areas
During
2018-19, the SRO focused on i) incorrectly-classified properties for land tax, ii)
non-registered organisations and company grouping for payroll tax, and iii) First
Home Owner Grant residency confirmations.
2017-18
Revenue
detected: $7.4 million
Penalties
applied: $718 000
Interest
charged: $275 000
Refunds:
$113 000
Increased
revenue for current financial year: $519 000
Issues identified and focus areas
During
2017-18, the SRO focused on and revenue was detected from i) incorrectly-classified
properties for land tax, and ii) undeclared wages and fringe benefits for
payroll tax.
2016-17
Revenue detected: $9.6 million
Penalties applied: $1 115 000
Interest charged: $392 000
Refunds: $107 000
Increased revenue for current financial year: $1.7 million
Issues identified and focus areas
During 2016-17, the SRO focused on and the revenue was detected from i) incorrectly classified properties for land tax and
ii) undeclared wages, non-registered organisations and company grouping for payroll tax.
2015-16
Revenue detected: $7.4 million
Penalties applied: $790 000
Interest charged: $371 000
Refunds: $109 000
Increased revenue for current financial year: $1.3 million
Issues identified and focus areas
During 2015-16, the SRO focused n and Revenue was detected from i) incorrectly classified properties for land tax and ii) undeclared wages and non registered organisations for payroll tax.
2014-15
Revenue detected: $3.8 million
Penalties applied: $300 000
Interest charged: $170 000
Refunds: $71 000
Increased revenue for current financial year: $2.4 million
Revenue confirmed as correctly reported by the compliance teams: $10.6 million
Issues identified and focus areas
During 2014-15, the SRO focused on and the revenue was detected from i) land tax property classifications amd ii) large payroll tax registered organisations.
2013-14
Revenue detected: $5.4 million
Penalties applied: $358 000
Interest charged: $250 000
Refunds: $163 000
Increased revenue for current financial year: $1.7 million
Issues identified and focus areas
In 2013-14, the SRO focused on and revenue was detected from i) incorrectly classified properties for land tax and
ii) undeclared wages and company grouping for payroll tax.