Successful ATO review of fairness fund payments
We’ve had news this week of a former licence holder who has had a successful review of the tax liability on their fairness fund payment classed as capital rather than income and is now due to receive a tax refund.
Tax reviews for taxi fairness fund recipients
The ATO has agreed to review individual cases relating to fairness fund payments and I am urging those affected to approach the ATO for assistance. I asked the Treasurer this week why no tax advice had been offered to those who received payments and now face tax debt.
Tax obligations for fairness fund recipients
I asked the Treasurer for information about the intention of taxi and hire car industry fairness fund payments, highlighting the pressure banks put of recipients to pay down loans and the lack of tax advice.
Unfinished business in play for taxi and hire car industry
Dealing with unfinished business of the taxi and hire car industry has been the top priority for Transport Matters party leader Rod Barton during the first quarter of his term in Victoria’s Legislative Council.
ATO to review Victorian fairness fund payments
The Australian Taxation Office (ATO) will undertake a review of the Victorian Fairness Fund payments to the taxi and hire car industry following a query from Eastern Metro MP Rod Barton.