The ATO has announced a new data-matching program involvingnride-sourcing providers. Under the program, the ATO will acquire data tonidentify individuals who may be engaged in providing ride-sourcing servicesnduring the 2016–2017 and 2017–2018 financial years. Details of all paymentsnmade to ride-sourcing providers from accounts held by a ride-sourcingnfacilitator will be requested from the facilitator’s financial institution fornthe 2016–2017 and 2017–2018 financial years. The ATO estimates that up ton74,000 individuals (ride-sourcing drivers) offer, or have offered, the services.
nImportant: Clients should not act solely on the basis of the material contained in Update. Items herein are general comments only and do not constitute or convey advice per se. Also, changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any of the areas. This update is issued as a helpful guide to clients and for their private information.