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ATO targets winemakers
date:Aug 21, 2014
An ATO spokesman said assessments of more than $35m had been issued against 27 entities for spurious WET rebate claims since January 2012, with several further audits in progress, The Australian reports.

In addition, the ATO is currently undertaking criminal investigations in relation to two matters, the spokesman said.

The WET is a 29 per cent tax on wholesale wine, but wineries can claim back a rebate of up to $500,000.

The WET generated $725 million in revenue for the government in 2012-13

12/21 22:10