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7 Secant Street,
Liverpool NSW 2170

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Non-Compliance on Motor Vehicles

All motor vehicles sold, transferred or newly registered in the 2010-11 financial year with a market value of $10,000 or greater face scrutiny from the ATO. The ATO has obtained data from the State and Territory registering bodies (e.g. Vic Roads, RTA (NSW), etc.) to identify:

  • Taxpayers whose expenditure is in excess of their reported income (e.g. potentially skimming some or all of their cash takings, running part of their business ‘off-the-books’, or inother ways not reporting all their income);
  • Businesses that sell vehicles and do not report,or under-report those sales.

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